Coinspeaker
Voyager Digital Shows Intent with $474M Recovery Fund

Voyager Digital is making significant headway in its post-bankruptcy bid to repay creditors. As part of its financial recovery efforts, the company has secured $484 million through settlements and claims against FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) Insurance.

The latest development was shared in a detailed filing by the bankrupt lender that was submitted to the United States Bankruptcy Court for the Southern District of New York. According to Voyager Digital, nearly 92% of the entire recovery fund emanated from an agreement with crypto exchange FTX. That is roughly $450 million. Voyager says that the FTX settlement alone is enough to cater to about 25% of the total creditors’ claim against it, and will be disbursed shortly.

Other than the FTX agreement, Voyager also has a claim of approximately $675 million from the ongoing litigation with 3AC. Of this amount, it has already received $20.43 million representing its share of the initial distribution from 3AC.

However, Voyager ex...