Voyager UCC Will Determine The Company’ Asset Pricing Set For Early March 2023
Key Points:
- Voyager’s Unsecured Creditors Committee said that the creditor’s estimated recovery amount would rise or fall based on the fair market value of the cryptocurrency held by the Voyager platform.
- The amount claimed by each creditor is equal to the dollar value of that creditor’s claim on July 5, 2022, the date of Voyager’s bankruptcy filing.
- The commission said it expects to determine the value of Voyager’s crypto assets in early March 2023. If the cryptocurrency price rises after December 18, the projected recovery rate will exceed 51%.
The encrypted lending platform Voyager’s Unsecured Creditors Committee (UCC) announced that the creditor’s estimated recovery amount would rise or fall based on the fair market value of the cryptocurrency held by the Voyager platform.
The amount claimed by each creditor is equal to the dollar value of that creditor’s claim on July 5, 2022, the date of Voyager’s bankruptcy filing. If the price of the company’s encrypted assets is determined on December 18, the estimated recovery rate of assets for all creditors is 51%.
The committee said it expects to determine the value of Voyager’s digital assets in early March 2023. If the cryptocurrency price rises after December 18, the projected recovery rate will exceed 51%.
As Coincu reported, the final hearing for Binance.US’ acquisition of Voyager’s assets will be held on March 2, and the calculation date for the price of user recovery funds has not yet been determined.
The UCC stated on Twitter that after the bidding is completed, stakeholders in the transaction have 28 days to raise objections, and the objection deadline is on February 22. A hearing to finalize the deal is scheduled for March 2, which provides a week to respond to any objections before the hearing.
However, the deal that Binance.US wants to make to acquire the assets of defunct crypto lender has drawn limited objection from the U.S. Securities and Exchange Commission. The limited objection was submitted on January 4, and the SEC cited a lack of information regarding Binance.US’s capacity to finance the acquisition, the nature of the operations after the deal, and the security measures to be taken to protect customer assets both during and after the transaction.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
Author
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Voyager UCC Will Determine The Company’ Asset Pricing Set For Early March 2023
Key Points:
- Voyager’s Unsecured Creditors Committee said that the creditor’s estimated recovery amount would rise or fall based on the fair market value of the cryptocurrency held by the Voyager platform.
- The amount claimed by each creditor is equal to the dollar value of that creditor’s claim on July 5, 2022, the date of Voyager’s bankruptcy filing.
- The commission said it expects to determine the value of Voyager’s crypto assets in early March 2023. If the cryptocurrency price rises after December 18, the projected recovery rate will exceed 51%.
The encrypted lending platform Voyager’s Unsecured Creditors Committee (UCC) announced that the creditor’s estimated recovery amount would rise or fall based on the fair market value of the cryptocurrency held by the Voyager platform.
The amount claimed by each creditor is equal to the dollar value of that creditor’s claim on July 5, 2022, the date of Voyager’s bankruptcy filing. If the price of the company’s encrypted assets is determined on December 18, the estimated recovery rate of assets for all creditors is 51%.
The committee said it expects to determine the value of Voyager’s digital assets in early March 2023. If the cryptocurrency price rises after December 18, the projected recovery rate will exceed 51%.
As Coincu reported, the final hearing for Binance.US’ acquisition of Voyager’s assets will be held on March 2, and the calculation date for the price of user recovery funds has not yet been determined.
The UCC stated on Twitter that after the bidding is completed, stakeholders in the transaction have 28 days to raise objections, and the objection deadline is on February 22. A hearing to finalize the deal is scheduled for March 2, which provides a week to respond to any objections before the hearing.
However, the deal that Binance.US wants to make to acquire the assets of defunct crypto lender has drawn limited objection from the U.S. Securities and Exchange Commission. The limited objection was submitted on January 4, and the SEC cited a lack of information regarding Binance.US’s capacity to finance the acquisition, the nature of the operations after the deal, and the security measures to be taken to protect customer assets both during and after the transaction.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Harold
Coincu News
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