Share this article
FTX to Offer Early Liquidity to Customers of Bankrupt Crypto Lender Voyager
The crypto exchange will allow the customers to create accounts funded by an early distribution of a part of their bankruptcy claims.
By Cam Thompson
Updated May 11, 2023, 6:54 p.m. Published Jul 22, 2022, 8:39 p.m.
Crypto trading platform FTX is planning to offer early liquidity to customers of bankrupt crypto lender Voyager Digital.
The joint proposal comes two weeks after Voyager filed for Chapter 11 bankruptcy. Alameda Ventures, a company controlled by FTX CEO Sam Bankman-Fried, had previously given a loan of $200 million in cash/USDC and 15,000 bitcoins to Voyager.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- FTX is working with West Realm Shires, the company that owns FTX.US, and Alameda Ventures to allow Voyager customers to create new accounts on FTX, the crypto exchange said in a press release on Friday.
- Voyager customers who take the offer will have an opening cash balance funded by an early distribution on a portion of their bankruptcy claims, FTX said. They would be able to withdraw the cash immediately or use it to purchase digital assets on FTX. Voyager customers won't be required to participate in the plan.
- “The goal of our joint proposal is to help establish a better way to resolve an insolvent crypto business – a way that allows customers to obtain early liquidity and reclaim a portion of their assets without forcing them to speculate on bankruptcy outcomes and take one-sided risks,” Bankman-Fried said in the press release.
- FTX also said it won't purchase Voyager’s loans to hedge fund Three Arrows Capital, which also filed for bankruptcy this month, as part of the plan. And FTX expects that any recoveries from those loans would be available to fund supplemental distributions to Voyager customers, regardless of whether they opened an account with FTX.
- FTX plans to complete the transaction in early August. The exchange didn't immediately respond to requests for more information.
Read more: Behind Voyager’s Fall: Crypto Broker Acted Like a Bank, Went Bankrupt
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
From Wall Street to the World Cup: How Football Became Crypto’s Biggest Gateway Drug
As institutions are laying the groundwork for wider crypto adoption from the top down, it’s being met by rising interest from football fans from the ground up.
Top Stories
