FTX, one of the cryptocurrency exchanges that have experienced a ongoing storm, made a suggestion to provide early liquidity to Voyager. This will allow Voyager customers to open a new account on FTX and acquire a portion of their assets.

2025/08/0421:02:36 hotcomm 1978

FTX, one of the cryptocurrency exchanges that have experienced a ongoing storm, made a suggestion to provide early liquidity to Voyager. This will allow Voyager customers to open a new account on FTX and acquire a portion of their assets. This cash can be withdrawn or used to purchase other digital assets on FTX. Commenting on the matter, Sam Bankman-Fried, CEO of

FTX, said:

"Voyager's customers have not chosen to be bankrupt investors holding unsecured claims. The purpose of our joint proposal is to help build a better way to resolve bankrupt cryptocurrency businesses - a way that allows customers to obtain liquidity ahead of time and recover some of their assets without forcing them to guess the final bankruptcy outcome and take unilateral risks."

From the current situation, Voyager has not accepted the proposal. FTX hopes to drive things forward so that the quotes will be put into place for Voyager users in early August. For those customers at Voyager, accepting the FTX proposal is not mandatory, rather it is completely voluntary, but provides customers with a way to get at least some of their funds back.

cryptocurrency brokerage Voyager Digital Ltd. filed for bankruptcy on July 6. A few days before the bankruptcy news broke, the company suspended withdrawals and transactions on its platform amid growing turbulence in the digital currency market. Voyager filed a bankruptcy filing after being involved in trouble with its investor Three Arrows Capital Ltd., an hedge fund, , ordered to liquidate after its heavily invested cryptocurrency crashed.

The cryptocurrency sector is still lightly regulated, and exchange funds are not as protected as banks’ funds. Still, the industry has united many times to help people and other companies. Last year, when Poly Network was hacked and funds were stolen, the cryptocurrency industry helped by blacklisting wallets related to hackers, and eventually the funds were returned to their owners.

Read FTX press release to learn more:

https://www.prnewswire.com/news-releases/ftx-proposes-joint-plan-to-offer-early-liquidity-to-voyager-digitals-customers-in-bankruptcy-proceeding-301591902.html

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