Voyager urges creditors to vote yes on court-approved FTX sale Companies - Legal HEAD TOPICS

Voyager urges creditors to vote yes on court-approved FTX sale

10/21/2022 10:58:00 PM

Voyager urges creditors to vote yes on court-approved FTX sale

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The Block

Voyager urges creditors to vote yes on court-approved FTX sale A bankruptcy judge has approved Voyager 's plan to sell its assets to FTX , setting the stage for an upcoming creditor vote. A bankruptcy judge has approved Voyager’s plan to sell its assets to FTX.Next comes a creditor vote by Nov. 29. Creditors can expect a packet of information sent to them detailing how to vote in the coming weeks. Read more:
The Block » Voyager customers could recover 72% of frozen crypto under FTX deal SBF posts regulatory 'manual' for crypto and FTX, cautions against 'locking in' DeFi policy SBF: FTX to filter assets it thinks are securities from US listings until registration in place FTX CEO Sam Bankman-Fried Shares His Position on Crypto Regulations

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The pop star revisits her best—and boldest—outfits over her career. Read more >> Voyager customers could recover 72% of frozen crypto under FTX deal Voyager Digital customers may be able to recover 72% of the value of their accounts under a tentative deal with FTX US unless a better deal is put forward. Why not 100? You came for interest You left with a 28% hair cut In ironic contrast, Bitcoin $BTC 💩 filthcoin customers who bought it less than a year ago have lost 72% and no white knight is racing to give it back to them. Under a tentative deal with the Nano $XNO market, Buttcoin bagholders could, however, x100 their remaining wealth. SBF posts regulatory 'manual' for crypto and FTX, cautions against 'locking in' DeFi policySBF posts regulatory ‘manual’ for crypto and FTX , cautions against ‘locking in’ DeFi policy The very nodes they run for their clients is based on 'locking in' TVL so they can shill. How is FTX exempt from US regulations again ? Is there anything like it? Is there anything like it? SBF: FTX to filter assets it thinks are securities from US listings until registration in placeThey might not have a place in FTX US if they look like securities. SBF_ FTX affirmed the firm's legal team will analyze assets to determine if they are commodities or securities. ftx SBF_FTX Speaking of fully decentralized POW crypto with NO ICO. When is the last time did a deep dive into Digibyte? $DGB LongestUTXO Still not listed on coinbase FTX_Official krakenfx Gemini 🤔🤫 ftx SBF_FTX as in their own exchange token, FTT?!? 🤷🏾‍ ftx SBF_FTX Just stay away from FTX, simple. FTX CEO Sam Bankman-Fried Shares His Position on Crypto RegulationsThe community is not exactly thrilled by the new draft proposed by SBF. FTX US Bans Tokens That May Be Defined As Securities From Listing: Details FTX US will check the chances of tokens to be defined as securities as part of the listing procedure. crypto Customers of Bankrupt Crypto Lender Voyager Could Recover 72% of Their Funds if FTX Sale is ApprovedCustomers of bankrupt crypto lender investvoyager could recover around 72% of their funds if a judge approves the sale to FTX _Official. The finalization of the sale is contingent on a judge approving the lender's payout plan. By iamsandali investvoyager FTX_Official iamsandali investvoyager FTX_Official iamsandali This could change everything investvoyager FTX_Official iamsandali US state regulators have filed an objection to the deal and announced an investigation into FTX/SBF. Highly unlikely it gets approved. Quick Take A bankruptcy judge has approved Voyager’s plan to sell its assets to FTX.0:00 News Customers of bankrupt crypto lender Voyager Digital may be able to recover 72% of the value of their accounts under a tentative deal with FTX US, according to court documents.Quick Take In the absence of clear crypto regulations, FTX CEO Sam Bankman-Fried released a lengthy “industry norms manual.0:00 News Sam Bankman-Fried (SBF) has written a set of suggested standards for the crypto industry “while waiting for full federal regulatory regimes,” which were posted on the FTX Policy blog on Oct. Next comes a creditor vote by Nov. 29.” There is also the inclusion of a clause called a “fiduciary out” that allows Voyager to cancel the deal with FTX should any offers be presented that offer a better outcome for creditors. Creditors can expect a packet of information sent to them detailing how to vote in the coming weeks. Voyager is urging its creditors to vote yes on the plan. Voyager had previously hinted that its customers may eventually transition to the FTX platform after the exchange had secured the winning bid on Sept. . in regard to their status as securities or commodities.