• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

FTX proposes a way to give Voyager Digital clients some of their digital assets back early

Jon Hartney by Jon Hartney
July 22, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

FTX is proposing to buy out all Voyager Digital digital assets and digital asset loans, except loans to Three Arrows Capital, which would remain Voyager Digital’s problem.

FTX and Alameda Ventures want to offer Voyager Digital customers a chance to start a new FTX account with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims, FTX announced in a statement Friday. To accomplish this, Alameda Ventures said it would like to buy all Voyager digital assets and digital asset loans, with the exception of loans to Three Arrows Capital (3AC). 

A letter from an FTX and Alameda Ventures legal representative explained that Voyager Digital customers who did not choose to create an FTX account would retain their rights in the bankruptcy proceedings, but would not receive early reimbursement. Accepting the offer would protect Voyager Digital clients from the depreciation of the crypto assets they currently do not have access to, as reimbursement for their digital assets will be based on their value on July 5.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

After setting up an FX account, Voyager Digital clients would be able to continue trading their crypto or cash out their accounts immediately. FTX co-founder and CEO Sam Bankman-Fried said:

“The goal of our joint proposal is to help establish a better way to resolve an insolvent crypto business — a way that allows customers to obtain early liquidity and reclaim a portion of their assets without forcing them to speculate on bankruptcy outcomes and take one-sided risks.”

In addition to buying Voyager Digital’s digital assets and digital asset loans at market value, FTX would acquire all its customer information for a payment of $15 million and receive trademarks and other intellectual property as well. FTX would also write off its $75 million loan claim against Voyager Digital.

Related: Voyager token skyrockets as VGX pump scheme touted

FTX is asking Voyager Digital to respond to the offer by Tuesday, with an eye to receiving expedited approval from the bankruptcy court and closing the deal by August 17. 3AC funds would still be liable to recovery by Voyager Digital, and its customers would receive separate reimbursement independently of their deals with FTX.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$23,097.00-0.35%
  • ethereumEthereum(ETH)$1,583.89-0.21%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.08%
  • usd-coinUSD Coin(USDC)$1.00-0.15%
  • binancecoinBNB(BNB)$311.871.31%
  • rippleXRP(XRP)$0.4027440.05%
  • Binance USDBinance USD(BUSD)$1.00-0.01%
  • cardanoCardano(ADA)$0.380439-0.92%
  • dogecoinDogecoin(DOGE)$0.0938608.11%
  • matic-networkPolygon(MATIC)$1.11-0.80%
  • OKBOKB(OKB)$37.820.36%
  • SolanaSolana(SOL)$24.15-1.46%
  • Lido Staked EtherLido Staked Ether(STETH)$1,578.04-0.31%
  • polkadotPolkadot(DOT)$6.25-0.76%
  • Shiba InuShiba Inu(SHIB)$0.0000120.63%
  • litecoinLitecoin(LTC)$94.081.27%
  • AvalancheAvalanche(AVAX)$19.75-3.04%
  • tronTRON(TRX)$0.0628321.01%
  • daiDai(DAI)$1.000.08%
  • UniswapUniswap(UNI)$6.55-1.06%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,064.00-0.06%
  • cosmosCosmos Hub(ATOM)$13.29-0.21%
  • chainlinkChainlink(LINK)$6.99-0.89%
  • ToncoinToncoin(TON)$2.31-1.08%
  • leo-tokenLEO Token(LEO)$3.53-0.45%
  • moneroMonero(XMR)$175.58-3.36%
  • ethereum-classicEthereum Classic(ETC)$21.63-1.26%
  • AptosAptos(APT)$16.92-4.70%
  • bitcoin-cashBitcoin Cash(BCH)$135.222.31%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • stellarStellar(XLM)$0.090797-1.09%
  • ApeCoinApeCoin(APE)$5.88-3.00%
  • QuantQuant(QNT)$143.58-0.37%
  • CronosCronos(CRO)$0.0794630.38%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.33-2.84%
  • filecoinFilecoin(FIL)$5.13-0.65%
  • Lido DAOLido DAO(LDO)$2.10-1.21%
  • algorandAlgorand(ALGO)$0.240407-2.76%
  • vechainVeChain(VET)$0.023250-1.00%
  • HederaHedera(HBAR)$0.0657760.11%
  • Internet ComputerInternet Computer(ICP)$5.78-2.51%
  • decentralandDecentraland(MANA)$0.74-2.58%
  • Axie InfinityAxie Infinity(AXS)$10.79-4.16%
  • FantomFantom(FTM)$0.4802852.60%
  • eosEOS(EOS)$1.06-1.32%
  • AaveAave(AAVE)$81.91-1.22%
  • The SandboxThe Sandbox(SAND)$0.73-2.66%
  • MultiversXMultiversX(EGLD)$43.08-0.64%
  • FlowFlow(FLOW)$1.00-2.24%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001721.14%
  • FraxFrax(FRAX)$1.00-0.18%
  • theta-tokenTheta Network(THETA)$1.02-2.18%
  • tezosTezos(XTZ)$1.07-2.00%
  • paxos-standardPax Dollar(USDP)$1.000.38%
  • true-usdTrueUSD(TUSD)$1.00-0.10%
  • huobi-tokenHuobi(HT)$5.130.54%
  • bitcoin-cash-svBitcoin SV(BSV)$42.62-1.85%
  • kucoin-sharesKuCoin(KCS)$8.25-0.22%
  • The GraphThe Graph(GRT)$0.088935-0.62%
  • Frax ShareFrax Share(FXS)$10.381.82%
  • Curve DAOCurve DAO(CRV)$1.01-1.86%
  • Rocket PoolRocket Pool(RPL)$37.99-0.23%
  • USDDUSDD(USDD)$0.99-0.09%
  • havvenSynthetix Network(SNX)$2.30-0.35%
  • ChilizChiliz(CHZ)$0.133259-2.38%
  • eCasheCash(XEC)$0.0000360.29%
  • Trust WalletTrust Wallet(TWT)$1.661.68%
  • BitTorrentBitTorrent(BTT)$0.000001-0.99%
  • dashDash(DASH)$60.562.66%
  • Mina ProtocolMina Protocol(MINA)$0.82-0.01%
  • PancakeSwapPancakeSwap(CAKE)$4.041.33%
  • GateGate(GT)$4.411.55%
  • KlaytnKlaytn(KLAY)$0.204400-0.60%
  • iotaIOTA(MIOTA)$0.223373-2.46%
  • cUSDCcUSDC(CUSDC)$0.0226930.10%
  • BitDAOBitDAO(BIT)$0.52-6.90%
  • zcashZcash(ZEC)$45.340.23%
  • makerMaker(MKR)$645.68-0.80%
  • neoNEO(NEO)$8.15-1.40%
  • gemini-dollarGemini Dollar(GUSD)$1.000.32%
  • cDAIcDAI(CDAI)$0.022119-0.10%
  • ImmutableXImmutableX(IMX)$0.692.77%
  • OKCOKC(OKT)$30.37-1.51%
  • THORChainTHORChain(RUNE)$1.78-1.64%
  • RadixRadix(XRD)$0.052703-4.10%
  • Tokenize XchangeTokenize Xchange(TKX)$6.63-0.09%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • ArweaveArweave(AR)$10.21-2.40%
  • OsmosisOsmosis(OSMO)$0.97-0.52%
  • PAX GoldPAX Gold(PAXG)$1,889.00-1.14%
  • FlareFlare(FLR)$0.044007-6.68%
  • GMXGMX(GMX)$57.21-3.61%
  • BTSE TokenBTSE Token(BTSE)$2.73-11.88%
  • Tether GoldTether Gold(XAUT)$1,899.18-1.08%
  • nexoNEXO(NEXO)$0.83-0.11%
  • OptimismOptimism(OP)$2.15-1.13%
  • cETHcETH(CETH)$31.800.40%
  • enjincoinEnjin Coin(ENJ)$0.438758-0.25%
  • Convex FinanceConvex Finance(CVX)$5.90-1.39%