Voyager to repay debt! Binance US acquisition breaks the deadlock, with Voyager creditors expected to recover about 36% of total assets
Due to repeated opposition from regulatory authorities, Binance US ultimately rejected the acquisition deal. Voyager Digital announced yesterday (5th) that it will liquidate and cease operations.
Table of Contents
Please read the document carefully
According to the instructions at the end of the document, Voyager creditors must take the following steps:
Download the latest version of the Voyager App: All withdrawals must be made through the Voyager App. Creditors will be notified by email or bankruptcy court documents. Only creditors will be able to log in when the platform reopens.
Regulatory compliance requirements: Each creditor must adhere to the rules issued by the official, ensuring compliance with KYC, anti-money laundering, and other regulatory requirements, as well as providing proof of identity documents.
Withdrawals: Once regulatory compliance requirements are met, creditors can start withdrawing funds. If there are too many withdrawal requests at the same time, it may take several days to process. Withdrawals within 30 days can be sent to a designated address, while after 30 days, creditors can choose to receive the funds in cash or cryptocurrency form (specific method not mentioned).
Fees: Withdrawals will incur third-party transaction fees and GAS fees.
Others: If there are other regulatory requirements, creditors may be prohibited from withdrawing funds and may only be able to recover funds in cash (exact method unknown). The official/debtor reserves the right to modify the withdrawal rules.
The above is a summary of the withdrawal rules. If there are any doubts, refer to the document itself for clarification.