Voyager Digital Urges Clients and Creditors to Vote for Plan to Sell Assets to FTX US by November 30

Cryptocurrency lending platform Voyager Digital is urging all customers and creditors to vote in favor of the proposed asset sale to FTX US by 4:00 on November 30 (16:00 ET on November 29). Voyager believes the plan maximizes recovery for Voyager creditors. After the voting period closes, Voyager expects the bankruptcy court to confirm the plan in early to mid-December. At that time, Voyager and FTX US will proceed to close the sale and begin the process of returning value to customers through their FTX US accounts. Previously, Voyager had been approved to enter into an initial sale contract with FTX US, and its customers could potentially recoup approximately 72% of their account value in compensation. According to the plan, Voyager will sell for about $1.4 billion, of which $51 million is cash. As part of the sale, FTX will transfer customers to its platform. Once FTX takes over, Voyager customers can get FTX-supported cryptocurrencies as compensation.