According to a blog post published by the business on Friday, the withdrawal is scheduled to begin on August 11 for solely dollar holdings. The declaration followed the court’s approval of its request to provide customers of Metropolitan Commercial Bank access to monies that had been held on their behalf. Customers have until October 3 to submit claims against Voyager for their cryptocurrency holdings.
One of the crypto platforms affected by the troubles of Three Arrows Capital Ltd., the troubled crypto hedge fund that was ordered for liquidation, was Voyager, which stopped trading, deposits, and withdrawals on July 1. The business is exploring both a stand-alone restructuring procedure and a prospective sale at the same time.
Last month, cryptocurrency tycoon Sam Bankman-Fried made an offer to purchase the assets of Voyager in cash at market value and supply.
