Voyager users to have withdrawal access by Aug. 11 News โธ Bankruptcy
Voyager users to have withdrawal access by Aug. 11
Voyager revealed that its users would have a daily withdrawal limit of $100,000.
1 min read
Updated: Aug. 5, 2022 at 7:08 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Embattled crypto lender Voyager Digital has revealed that its users could have access to their fundsย 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 Voyagerโs 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.
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.
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Posted In: Bankruptcy
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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Voyager
Voyager Digital is a bankrupt cryptocurrency exchange company in the United States that was founded in 2018.