Home Markets Bankrupt crypto broker Voyager aims to resume cash withdrawals this week

Bankrupt crypto broker Voyager aims to resume cash withdrawals this week

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Bankrupt crypto broker Voyager aims to resume cash withdrawals this week

Voyager Digital Ltd VYGVQwhich filed for bankruptcy in July, has now decided to allow customers to access cash withdrawals next week.

According to a blog post published on Friday, a court granted Voyager access to customers’ cash holdings as early as August 11.

“Yesterday the Court approved our proposal to restore access to cash held for the benefit of Voyager customers at Metropolitan Commercial Bank. We know how important it is to access your money, and with this approval we will start processing cash withdrawals soon,” Voyager said in the post.

Customers can also file claims against Voyager for their crypto holdings before the October 3 deadline.

Read also : Crypto Broker Voyager Digital Secures $485M Loan From Bankman-Fried’s Alameda

“We plan to resume access to the Voyager app for cash withdrawals only, starting Thursday, August 11. Customers with cash in their accounts will receive an email with further details prior to access cash pickup,” Voyager said in the statement.

Customers may need to wait up to 10 business days to receive their funds in their bank account.

Last month, Sam Bankman Fried offered to to buy Voyager assets in cash, but Voyager rejected the offer, saying it was a “low offer”.

On Thursday, a lawyer for Voyager said he already had received several bids for its assets other than the bid from FTX and Alameda.

Disclosure: Jason Raznick, CEO of Benzinga, is a member of the unsecured creditors committee in Voyager Digital’s bankruptcy case.

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