Bankrupt Voyager's Roadmap To Creditors: Initiates Process To Return Funds
Portfolio Pulse from Murtuza Merchant
Bankrupt crypto broker Voyager Digital (OTC:VYGVQ) will initiate the return of funds to creditors next week, according to liquidation procedures filed with the U.S. Bankruptcy Court. The Voyager app will be updated on June 15, allowing creditors to access and view initial distribution amounts. The app will reopen between June 20, 2023, and July 5, 2023, for a 30-day period to facilitate cryptocurrency withdrawals.
June 14, 2023 | 4:57 pm
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Voyager Digital's bankruptcy proceedings are progressing, with the return of funds to creditors starting next week and the app reopening for a 30-day crypto withdrawal period.
Voyager Digital's bankruptcy proceedings directly impact the company's stock price. The return of funds to creditors and the reopening of the app for crypto withdrawals indicate that the company is moving forward with its liquidation process. This is likely to have a negative short-term impact on the stock price, as it confirms the company's ongoing financial struggles.
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