Index Investing News
Tuesday, October 28, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Voyager Seeks to Reopen Withdrawals as FTX Proposes Joint Plan

by Index Investing News
July 25, 2022
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


Key Takeaways

  • Bankrupt crypto agency Voyager Digital says that it’s requesting court docket permission to permit customers to entry their balances.
  • In an unrelated growth, FTX has provided to permit Voyager clients to make withdrawals via its personal platform.
  • Voyager has an current relationship with FTX and Alameda Analysis however has not mentioned whether or not it’ll settle for that supply.

Share this text

Voyager and FTX have put ahead complementary plans that would assist customers regain entry to their account balances.

Voyager Inches Towards Withdrawals

Voyager suspended withdrawals on July 1, leaving clients with out entry to their balances for 3 weeks.

Now, chapter and restructuring proceedings might permit clients to regain entry to their account balances. Voyager says that one in every of its newest filings seeks court docket approval to permit clients to withdraw their funds.

These funds include USD balances saved in For Profit Of (FBO) accounts at Metropolitan Industrial Financial institution.

Voyager mentioned it plans to course of consumer withdrawal requests within the strange plan of action. Nonetheless, this plan will depend on the outcomes of the subsequent court docket listening to on Aug. 4.

The agency additionally supplied a funding replace. It mentioned that it’s asking the court docket for permission to promote Coinify, an organization that it acquired final yr. It added that it beforehand acquired court docket approval to pay workers and different working prices.

FTX Proposes Joint Withdrawal Plan

Alongside Voyager’s plans, FTX has provided to permit withdrawals via its personal platform cooperatively.

Underneath that proposal, FTX sister firm Alameda Analysis would buy Voyager’s digital property and digital asset loans in money at honest market worth.

Voyager customers might then entry their funds by opening an FTX account. This might be elective, and clients who select to take part might withdraw their steadiness as money with out utilizing FTX’s different providers. Alternatively, customers might proceed to put money into crypto with charges waived for the primary month.

FTX distinguished its supply from Voyager’s plan as detailed above,  noting that it “acknowledge[s] that Voyager might produce other methods to supply clients with liquidity” through FBO accounts and that it might embody or exclude these accounts as crucial.

Sam Bankman-Fried, CEO of FTX, mentioned that Voyager’s clients “didn’t select to be chapter traders holding unsecured claims.” He defined that his supply is supposed to “set up a greater strategy to resolve an bancrupt crypto enterprise.”

Bankman-Fried beforehand has come to Voyager’s rescue. In June, his different firm, Alameda Analysis, loaned Voyager $485 million of money and crypto. That mortgage was made after Three Arrows Capital (3AC) defaulted on a mortgage of an analogous worth.

FTX has mentioned that its present supply wouldn’t contain FTX buying loans or litigation claims from Voyager associated to Three Arrows Capital. It mentioned that Voyager would proceed to pursue these issues itself.

FTX has requested a response by July 26 and says that it goals to shut the deal by early August. Voyager, for its half, has not commented on whether or not it’ll settle for the supply.

Disclosure: On the time of writing, the writer of this piece owned BTC, ETH, and different cryptocurrencies.

Share this text

The data on or accessed via this web site is obtained from unbiased sources we imagine to be correct and dependable, however Decentral Media, Inc. makes no illustration or guarantee as to the timeliness, completeness, or accuracy of any info on or accessed via this web site. Decentral Media, Inc. isn’t an funding advisor. We don’t give customized funding recommendation or different monetary recommendation. The data on this web site is topic to alter with out discover. Some or the entire info on this web site might develop into outdated, or it could be or develop into incomplete or inaccurate. We might, however should not obligated to, replace any outdated, incomplete, or inaccurate info.

You must by no means make an funding resolution on an ICO, IEO, or different funding primarily based on the knowledge on this web site, and you must by no means interpret or in any other case depend on any of the knowledge on this web site as funding recommendation. We strongly suggest that you simply seek the advice of a licensed funding advisor or different certified monetary skilled in case you are searching for funding recommendation on an ICO, IEO, or different funding. We don’t settle for compensation in any type for analyzing or reporting on any ICO, IEO, cryptocurrency, foreign money, tokenized gross sales, securities, or commodities.

See full phrases and circumstances.



Source link

Tags: FTXJointPlanProposesreopenSeeksVoyagerWithdrawals
ShareTweetShareShare
Previous Post

Markets face essential summer season week, with Fed, earnings and financial knowledge

Next Post

7 Issues I All the time Purchase at Costco and Why

Related Posts

Mt. Gox extends reimbursement deadline by one yr

Mt. Gox extends reimbursement deadline by one yr

by Index Investing News
October 27, 2025
0

Key Takeaways Mt. Gox's reimbursement deadline for collectors has been prolonged by one yr. The extension is to permit extra...

Bitcoin Hyper Fixes Bitcoin’s Issues

Bitcoin Hyper Fixes Bitcoin’s Issues

by Index Investing News
October 23, 2025
0

Trusted Editorial content material, reviewed by main trade specialists and seasoned editors. Advert Disclosure Fast Details: 1️⃣ Bitcoin Hyper’s presale...

Bollinger Sees ‘W’ Backside in Ethereum, Solana, Not Bitcoin

Bollinger Sees ‘W’ Backside in Ethereum, Solana, Not Bitcoin

by Index Investing News
October 19, 2025
0

Well-known technical analyst John Bollinger have discovered doable W bottoms in Ethereum (ETH) and Solana (SOL) charts. These are patterns...

Are miners now web accumulators? Marathon provides 400 BTC after the crash

Are miners now web accumulators? Marathon provides 400 BTC after the crash

by Index Investing News
October 15, 2025
0

Bitcoin (BTC) miner MARA Holdings bought 400 BTC for roughly $46 million on Oct. 13, capitalizing in the marketplace collapse...

Blue Ocean Strikes Towards Tokenized US Equities; eToro Shared Its Plan Earlier

Blue Ocean Strikes Towards Tokenized US Equities; eToro Shared Its Plan Earlier

by Index Investing News
October 11, 2025
0

Blue Ocean Applied sciences, LLC, a fintech agency targeted on international buying and selling and information, introduced plans to combine...

Next Post
7 Issues I All the time Purchase at Costco and Why

7 Issues I All the time Purchase at Costco and Why

How the Grain Deal Between Ukraine and Russia Will Work

How the Grain Deal Between Ukraine and Russia Will Work

RECOMMENDED

Teflon Don ought to have at the very least drawn a tremendous and probation for his 34 felonies –
Las Vegas Solar Information

Teflon Don ought to have at the very least drawn a tremendous and probation for his 34 felonies – Las Vegas Solar Information

January 17, 2025
Australia Under Cyber Siege

Australia Under Cyber Siege

December 16, 2022
Donald Trump miffed over his portrait at Colorado Capitol: ‘No one likes a nasty image’

Donald Trump miffed over his portrait at Colorado Capitol: ‘No one likes a nasty image’

March 24, 2025
Fed Governor Waller sees want for ‘extra warning’ when decreasing rates of interest

Fed Governor Waller sees want for ‘extra warning’ when decreasing rates of interest

October 14, 2024
Ether Soars Previous ,700—Breakthrough Results in Derivatives Shake-Up

Ether Soars Previous $3,700—Breakthrough Results in Derivatives Shake-Up

November 30, 2024
The Polish Reaction to the EU Rule of Law Proceedings

The Polish Reaction to the EU Rule of Law Proceedings

October 20, 2022
Home sales fell in March amid volatility in mortgage rates

Home sales fell in March amid volatility in mortgage rates

April 21, 2023
Fitch pushes again China price lower as Fed holds rates of interest regular

Fitch pushes again China price lower as Fed holds rates of interest regular

June 19, 2024
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In