Voyager
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F02%2FNFTs-purple.jpg&w=1536&q=40)
Plus, NBA faces lawsuit over Voyager marketing, and ‘Nobody’ NFT collection books significant volume
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F12%2Fsam.jpg&w=1536&q=40)
FTX, Genesis, Core Scientific and Voyager continue to move forward with bankruptcy proceedings
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F10%2Fvoyager-deal-called-off.jpg&w=1536&q=40)
As part of an FTC motion for settlement, Voyager faces a penalty of $1.65 billion
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F07%2Fvoyagercelsius.jpg&w=1536&q=40)
Crypto lenders Voyager and Celsius are slowly working their ways towards making customers whole, one year into bankruptcy
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F06%2Fvoyager-deal-called-off.jpg&w=1536&q=40)
Voyager customers will start to receive communications about the app reopening in advance of June 20
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F05%2Fvoyager-deal-called-off.jpg&w=1536&q=40)
While Voyager’s estate is worth $1.3 billion, it is still waiting to claw back funds from Three Arrows Capital and FTX
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F05%2Fvoyager-deal-called-off.jpg&w=1536&q=40)
Both Celsius and Voyager have announced updates in their bankruptcy processes in the past few days
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F04%2Fvoyager-binance.jpg&w=1536&q=40)
Voyager and Binance.US are working to move forward “as quickly as possible” pending a court approval
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F03%2FVoyager-debt-token-1.jpg&w=1536&q=40)
Most has been sold, but Voyager still has hundreds of millions of dollars in ether, shiba inu and its own native token left to go
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F03%2FDOJ.jpeg&w=1536&q=40)
SEC officials initially opposed the Voyager plan, alleging Binance.US operates an unregistered securities exchange. Now, the DOJ is here
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F03%2Fvoyager-binance.jpg&w=1536&q=40)
Binance.US has agreed to pay $1.3 billion in an agreement to acquire Voyager’s assets
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F01%2Fny-bankruptcy-court.jpg&w=1536&q=40)
Celsius, BlockFi and Voyager were among crypto’s biggest players to file for bankruptcy in 2022, legal expert says
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2023%2F01%2Fcubanvoyager.jpg&w=1536&q=40)
Dallas Mavericks owner Mark Cuban will be deposed with two employees as he defends against a lawsuit likening Voyager to a Ponzi scheme
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F12%2FBinance-logo.jpg&w=1536&q=40)
The bid, which was the highest and best offered, as per bankruptcy code, comes in at about $1.022 billion
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F11%2Fcrypto-bankruptcies-celsius-voyager.jpg&w=1536&q=40)
Bankruptcy proceedings aren’t cheap, and you can bet they’re not particularly cheerful, either
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F07%2FVoyager-2.png&w=1536&q=40)
The collapsed lender will hold an auction on Sept. 13 in New York, with the winning bidder to be declared in 3 weeks
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F07%2FVoyager-2.png&w=1536&q=40)
Creditors don’t believe Voyager’s key employees need to be incentivized with a $1.9 million package in a tough job market
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F08%2Fstocks-1.jpg&w=1536&q=40)
Judge Wiles, overseeing Voyager’s bankruptcy proceedings, said the firm had provided a “sufficient basis” in its bid to make customers whole.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F07%2FRisk-management.jpg&w=1536&q=40)
Cryptocurrency firms are re-tooling risk management to prevent another credit crisis
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2022%2F02%2FMy-project-6.jpg&w=1536&q=40)
Debtors of crypto lender Voyager may still pursue their claims against now-defunct Three Arrows Capital for additional recoveries
Get the daily newsletter that helps thousands of investors understand the markets.