Voyager Liquidation Procedures Approved by Court, Customers Could Receive Assets Starting from June 1st

The Official Committee of Unsecured Creditors of Voyager announced that Voyager's liquidation procedures have been approved by a bankruptcy court judge. The commission is working with Voyager to go effective under the plan as early as this Friday, and is working towards making initial distributions available no later than June 1st.

According to Voyager's liquidation plan, the customers are expected to initially recover nearly 36% of their claim amounts. This is a toggle option Voyager initiated after Binance.US exited the Voyager deal last month.