FTX debtors reach $450 million settlement with bankrupt Voyager Digital
2024-04-29 20:39:46
Following the approval of a bankruptcy judge, FTX's debtors reached a $450 million settlement with bankrupt firm Voyager Digital. In an April 29 filing in the U.S. Bankruptcy Court of Delaware, Judge John Dorsey approved the terms of the agreement between FTX and Voyager, allowing Voyager to settle all claims with FTX as part of a plan to compensate creditors. Upon approval, the parties will agree to return to the company's debtors $5 million held in trust by Voyager, as well as an additional $445 million from Alameda Research in connection with the loan repayment litigation. FTX will also "waive" all rights to those funds.
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