Voyager Digital set to reopen app for fund withdrawals
Voyager Digital, the crypto brokerage firm that filed for Chapter 11 bankruptcy almost a year ago, is preparing to reopen its app and enable customers to withdraw their funds. After a long wait, users can initiate withdrawals between June 20 and July 5. According to Paul Hage, the bankruptcy plan administrator, an update to the Voyager app on June 15 will display the available withdrawal amount, with the withdrawal period estimated to begin between June 20 and July 5. The court-approved bankruptcy plan, granted on May 17, will enable customers to initially recover 35.72% of their claims by withdrawing cryptocurrency through the Voyager app or receiving cash after a 30-day waiting period. You might also like: Crypto industry body slams banking restrictions in Australia Hage also highlighted in the filing that the bankrupt crypto hedge fund Three Arrows Capital still owes Voyager a substantial sum of $650 million. Therefore, after the initial distribution, efforts will