Voyager creditors’ withdrawals surpass $250m in 18 days

Voyager Digital creditors have been trying to regain their funds since the lender collapsed a year ago. Data shows that massive withdrawals have already been made.

According to data provided by Dune, creditors of the bankrupt crypto brokerage company have withdrawn roughly $250.4 million worth of cryptocurrencies since June 23, when the company reopened fund withdrawals for its users.

Voyager creditors’ withdrawals surpass $250m in 18 days - 1
Voyager balances – July 10 | Source: Dune

Moreover, Voyager had $426.8 million worth of crypto assets on June 23 and the number has been brought down to $176.4 million at the time of writing.

Per Dune’s data, most of Voyager’s assets are still in bitcoin (BTC), worth roughly $68.8 million. The collapsed crypto firm also holds voyager token (VGX), ethereum (ETH), and stablecoins, each worth $6.8 million, $50.8 million, and $18.9 million, respectively.

Moreover, according to Dune, Voyager holds $30.8 million worth of different altcoins.

In April, Binance.US pulled its request to purchase Voyager’s assets citing regulatory problems in the US. This made the company, which already filed for Chapter 11 bankruptcy, distribute its assets to its creditors.

On June 25, crypto exchange Gemini announced the welcoming of Voyager Digital’s users with a bonus in hand. The company stated that users from the bankrupt crypto brokerage “will receive $5 in BTC” within 30 days of their KYC verification.

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