Voyager Digital receives extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Jan. 25 – Voyager Digital Ltd. received an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The exclusive plan filing period was extended through March 3, and the solicitation period was extended through April 30.

As previously reported, the request for an extension cites the extraordinary circumstances around the collapse of FTX that resulted in Voyager’s sale process hitting a road bump, as FTX could no longer buy Voyager assets.

Since then, Voyager has found a second buyer of its assets, Binance US.

Voyager intends to use the 60-day extensions to narrow any remaining issues and work toward consensual resolutions with its stakeholders.

The committee has agreed to the extension.

Voyager Digital is a cryptocurrency broker based in New York. The company filed bankruptcy on July 5, 2022 under Chapter 11 case number 22-10945.

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