August 7, 2022

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FTX proposes a way to return digital Voyager customers a portion of their digital assets early By Cointelegraph

FTX proposes a way to return digital Voyager customers a portion of their digital assets early By Cointelegraph

FTX proposes a way to return a portion of their digital assets to early Voyager Digital customers

FTX and Alameda Ventures are offering Voyager Digital customers the ability to open a new FTX account with an opening balance funded from early distribution of a portion of their bankruptcy claims, FTX announced in a statement Friday. To achieve this, Alameda Ventures said it would like to purchase all of Voyager’s digital assets and digital asset loans, except for loans made to Three Arrows Capital (3AC).

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

After opening an account with FTX, Voyager Digital customers will be able to continue trading cryptocurrencies or withdraw funds from their accounts instantly. Sam Bankman-Fred, co-founder and CEO of FTX, said:

Read the full article on Cointelegraph

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