Ex-Voyager Exec کمپنی کو دوبارہ زندہ کرنے کے لیے تجارت پر توجہ دینے کی تجویز کرتا ہے۔

Former executives of Voyager propose live trading as a restructuring strategy

The embattled US cryptocurrency lender has received a تنظیم نو کی تجویز سے Shingo Lavine and his father, Adam Lavine, who are both stock owners in Voyager and creators of Ethos, a leading bitcoin technology business.

Voyager is supposed to stop all of its loan activities and concentrate on doing live trading, according to Lavine’s restructuring proposal submitted last week.

Voyager paid $4 million three years ago to acquire the assets of the cryptocurrency technology company Ethos. As a result, شنگو لیون, who was a director on the Voyager board of directors, was appointed as the company’s chief innovator. He soon left Voyager as a result of certain differences with the direction the firm was taking.

Voyager Digital filed into Chapter 11 bankruptcy with the U.S. Bankruptcy Court of the Southern District of New York during the upheaval of the recent crypto winter. This gave it the opportunity to develop a successful restructuring strategy that will pave the way for the company to regain account access and deliver value to customers while compensating them.

Initial Restructuring Plan from Voyager

The original restructuring strategy was to distribute a variety of cryptocurrency assets, including shares in the newly reorganized firm, Voyager tokens, and revenues from the loan تین تیر دارالحکومت (3AC) owed. In addition to the cryptocurrency already in their accounts, this is also.

Currently, 3AC owes the lender of bitcoin assets more than $650 million in cryptocurrency. In more detail, the previously unreported loan is made up of $350 million USDC and 15,250 Bitcoin (BTC).

Voyager now has approximately $110 million in cash and cryptocurrency assets. It still has $350 million in its Metropolitan Commercial Bank For Benefit of Customers (FBO) account.

On its platform, Voyager has over $1.3 billion worth of cryptocurrency assets. However, some of it was intended to be utilized as cash to keep the platform operating normally while the reorganization was taking place.

The Lavines’ new 8-step proposal, which has yet to be completed, departs from these original ideas.

The father and son hope that Voyager and their new company Emerald will work together crucially during the restructuring process. The main goal of their strategy is to incorporate live trading and provide users with recovery tokens in order to keep them on the platform.

A portion of the strategy aimed to “give unsecured creditors with a sizable additional upside and encourage client retention by issuing a “recovery token” in addition to VGX Tokens. At the time of publishing, VGX was trading at $ 0.3665, down 5.5 % from days high.