Voyager Digital Holdings, a crypto lender that filed for bankruptcy last year, announced Tuesday night that 97% of its customers, representing 98% of total claims, voted in favor of a chapter 11 restructuring plan. Under the plan, Binance US will acquire some of Voyager Digital Holdings’ assets. The plan was approved by the U.S. Bankruptcy Court for the District of Delaware and is expected to be completed in the coming weeks. The restructuring plan will provide customers with a more secure and efficient platform for their digital asset investments. It will also provide Voyager Digital Holdings with the resources to continue to provide customers with the best digital asset trading and investing experience.
TopCo, a company that filed for bankruptcy late Tuesday night, is facing over $500 million worth of claims from account holders. Unsecured claims against the company total $2.95 million, with another $40,000 in claims against the holding company. On Thursday, TopCo’s attorneys will appear in court to seek approval for a restructuring plan. The hearing will determine the company’s future and the fate of the account holders’ claims.
Voyager Digital, a cryptocurrency trading platform, has received approval from its creditors to restructure its business. The majority of the company’s creditors voted to opt their claims into a “wind-down entity,” with 65% of account holder claims and 85% of non-voting class claims voting to opt-in. However, the plan has been met with opposition from state and federal regulators, who have raised concerns about Binance US’s involvement in Voyager’s restructuring.
