FTX Statement from Bankrupt Voyager Company: Are Tokens Stuck Inside?

Voyager’s “Official Unsecured Creditors Committee”, bankruptcy cryptocurrency The lender tweeted that Voyager did not transfer any cryptocurrencies or assets to FTX.

The committee said that Voyager’s planned deal to sell its assets to FTX has not been completed. The committee represents the interests of Voyager’s unsecured creditors in the firm’s ongoing Chapter 11 bankruptcy protection lawsuit.

However, there is once again uncertainty for those investing in Voyager’s native voyager token (VGX) after FTX got into trouble.

Voyager Spokesperson Reassures Investors By Telling FTX They Haven’t Made A Transfer Despite A Deal To Sell Assets

The committee made the following statements in its statement:

“We want to make it clear that the FTX/Voyager transaction is not complete. Voyager has not transferred any crypto or other assets to FTX in connection with the transaction.”

Voyager’s creditor committee said it had taken “all necessary steps” to protect creditors and was “considering all options”.

A bankruptcy judge in the US Bankruptcy Court for the Southern District of New York approved in October Voyager’s plan to sell its assets to FTX US.

But according to Bloomberg, US bankruptcy Judge Michael Wiles said in October Voyager had the right to cancel the deal if a higher bid was made.

Voyager, a centralized cryptocurrency lender, filed for bankruptcy on July 5, 2022, following the crypto collapse in May and its investment in the bankrupt Three Arrows Capital hedge fund.

The expected full purchase agreement between FTX and Binance was also canceled after Binance reviewed the internal documents of the cryptocurrency company.

*Not investment advice.