Voyager Digital Will Return $270M to Clients

The US Bankruptcy Court has approved Voyager Digital’s proposal to unfreeze a crypto broker’s deposit with Metropolitan Commercial Bank to return funds to its clients.

According to The Wall Street Journal, the account contains $270 million.

Digital assets on the Voyager platform worth $1.3 billion were included in the bankruptcy estate. They will reportedly be distributed among creditors in the future.

The crypto broker has allegedly received a “rescue” offer from 88 interested parties, including FTX, which the company rejected. Active discussions are underway with 20 of them.

Takeover applications are accepted until August 26. The management of the crypto broker plans to decide on a partner in September, to complete the restructuring process in Q1 2023.