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FTX debtors reach $450 million settlement with bankrupt firm Voyager Digital

2024-04-29 21:36
Odaily News With the approval of a bankruptcy judge, FTX's debtors have reached a $450 million settlement with bankrupt company Voyager Digital. In a document filed with the U.S. Bankruptcy Court of Delaware on April 29, Judge John Dorsey approved the terms of the agreement between FTX and Voyager, allowing Voyager to resolve all claims with FTX as part of a plan to compensate creditors. Upon approval, the two parties will agree to return $5 million held in escrow by Voyager and another $445 million from Alameda Research involved in a loan repayment lawsuit to the company's debtors. FTX will also "give up" all rights to these funds.