A recent survey conducted by Stretto revealed that 97% of Voyager Digital users voted in favor of Binance.US’ $1.022B plan to purchase the bankrupt lender’s assets.
Stretto’s survey divided the voters into four categories, with Class 3 ballots representing Voyager account holders and the other three classes representing unsecured claims.
Moreover, 65% of Class 3 voters have opted to contribute their direct claims to a wind-down entity. The entity, appointed by the Voyager UCC, will aid in recovering clients’ assets from third-party firms.
Voyager claimed that it will disclose more details about its bankruptcy proceedings after the court hearing scheduled for March 2.
Meanwhile, Binance.US’ $1.022B deal for purchasing Voyager’s assets has come under regulatory scrutiny. At the beginning of February, the SEC and NYDFS filed objections to the proposed sale plan.
On February 24, Texas regulators also opposed Binance.US’ restructuring proposal. According to them, creditors will only recover 24-26% of their claims if Alameda Research is successful in proving its $445M claim against Binance.US.
Written by
Ayush Pande
Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.
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