Voyager Offers 35.72% Initial Recovery To Customers
Voyager, a crypto lending platform, has recently released an update regarding the compensation for its customers. According to the company’s announcement, customers will receive an initial recovery of approximately 35.72% of their claim amount, with certain holdbacks.
A summary of those procedures, which include information on the estimated initial recovery percentage of customers’ claims and the ability to choose cash or crypto, is available on our blog. (2 / 3) https://t.co/OoiTu8dIMi
— Voyager (@investvoyager) May 8, 2023
Customer Reimbursement
This update comes after Voyager faced a series of technical difficulties and operational issues earlier this year, resulting in a significant loss of funds for its customers. In response, the company has been working to reimburse affected users and restore its reputation. The initial recovery, estimated to be around 35.72%, is expected to provide some relief to impacted customers.
While the initial recovery is expected to provide some relief to impacted customers, the company has stated that it is still working on securing additional funds to cover the remaining claims. Voyager also outlined some of the factors that contributed to the holdbacks, such as legal fees, accounting expenses, and other costs associated with the compensation process.
Addressing Customer Losses
The company emphasized that it remains committed to providing full reimbursement to its customers and will continue to work towards that goal. However, some customers may still be concerned about the potential impact of the holdbacks on the final compensation amount.
Meanwhile, BinanceUS had expressed interest in acquiring Voyager earlier this year, but the U.S. Department of Justice reportedly denied the takeover. It is unclear if this decision will have any impact on Voyager’s compensation process or the company’s future plans.
The update from Voyager provides some much-needed clarity for its customers who have been awaiting compensation for months. The company’s efforts to reimburse customers and restore its reputation demonstrate its commitment to addressing the issues that led to the loss of funds and ensuring a better future for its users.
