Voyager currently has $1.334 billion in assets and plans to offer customers two initial recovery options

ChainCatcher news, Voyager has released an important update regarding customer initial recoveries on its official blog. According to the article, Voyager now has $1.334 billion in assets, which is equivalent to 75.68% of the total customer claims against Voyager's assets. Due to certain delays, customers will receive an initial distribution estimated at 35.72% of their claims. Depending on the resolution of the FTX/Alameda priority claims dispute, the success of the Voyager plan administrator in addressing additional claims from third parties, and any future recoveries from Voyager's assets as a creditor in the Three Arrows Capital liquidation, customers may receive additional funds in the future. Subsequent distributions may be made at the discretion of the plan administrator in cash or cryptocurrency.

Users can choose to receive their initial recovery in cryptocurrency through the Voyager platform or wait until the cryptocurrency withdrawal period ends to receive their initial recovery in USD. Once the Voyager app is accessible, users will have 30 days to log in and transfer supported cryptocurrencies from their Voyager accounts to a designated wallet address; certain unsupported cryptocurrencies (i.e., cryptocurrencies that cannot be transferred from the Voyager platform) and holders of VGX will receive a pro-rata distribution of USDC, which can then be transferred from the platform. If users wish to receive their initial recovery solely in USD, no action is required on their part. After the 30-day cryptocurrency withdrawal window ends, users' accounts will be settled, and they will receive USD via check or possibly ACH withdrawal. Once the plan is effective, Voyager will provide more information regarding the next steps, including when the 30-day window will open. (Source link)