Voyager users to have withdrawal access by Aug. 11

CryptoSlate

Embattled crypto lender Voyager Digital has revealed that its users could have access to their funds from Aug. 11.

According to the announcement, the Court’s Aug. 4 ruling has approved its request to restore access to cash held for the benefit of Voyager’s customers at Metropolitan Commercial Bank.

We anticipate resuming access to the Voyager app for cash withdrawals only, starting on Thursday, August 11th. Customers with cash (US dollars) in their accounts will receive an email with more details

The firm said that users with cash (US dollars) in their accounts would receive an email on how they can withdraw their funds.

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Voyager continued that its customers should have access to their funds between 5-10 business after they make their withdrawal requests.

Meanwhile, each customer has a daily withdrawal limit of $100,000.

Voyager said it would conduct a manual review for fraud and account reconciliation.

The crypto lender also revealed that it is “pursuing a standalone restructuring process and a potential sale of the company.” It added that bids for its sale are due by August 26, and a sale hearing could be held on Sept. 8.

Posted In: Bankruptcy

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Author: Oluwapelumi Adejumo


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