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Voyager gets $484.35 million to repay creditors

Voyager gets $484.35 million to repay creditors

2024/04/11 08:05

Voyager received $484.35 million through settlements with FTX, Three Arrows Capital and directors and officers (D&O) insurance claims. The secured funds, which include interest, represent approximately 25% of Voyager's total creditor claims and are expected to be disbursed shortly. In addition, Voyager has received approximately $675 million in claims from ongoing litigation with Three Arrows Capital. $20.43 million of that amount represents Voyager's pro-rata share of Three Arrows Capital's initial distribution. The administrators expect further payments to be made in the coming years as assets are sold and further litigation is settled. The settlement, reached through D&O Insurance Mediation, will also distribute at least $14.35 million to Voyager creditors.

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