Home Markets Crypto Lender Voyager Clients Oppose Employee ‘Retention Pay’ Offer

Crypto Lender Voyager Clients Oppose Employee ‘Retention Pay’ Offer

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Crypto Lender Voyager Clients Oppose Employee ‘Retention Pay’ Offer

Voyager, which is currently undergoing bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of New York, has asked a federal judge to approve $1.9 million of its funds for a ” employee retention plan” (KERP), i.e. bonuses to 38 employees who the company said were vital to its continued operations and restructuring. On Friday, the official committee of unsecured creditors – a group of Voyager customers – objected, saying Voyager employees were “already well paid” and saying the company had otherwise done little to lower the costs.

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