Altcoin News by Thebittimes.Com

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 According to data provided by Dune, creditors of the bankrupt crypto brokerage company have withdrawn roughly $250.4 million worth of cryptocurrencies since June 23, when the company reopened fund withdrawals for its users.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 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. You might also like: From сrypto to real-world cases: Vadim Krekotin envisions ZK technology’s potential 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,...

The FTX fiasco has been taking several turns over the last couple of days. While the downfall of the platform shattered “Moonvember” dreams, Christmas is expected to be bleak as well. Amidst all of this, a recent court filing showed that the exchange’s largest creditor s were claiming millions. As per the filing, FTX reportedly owed a whopping $3.1 billion to its top 50 creditor s. With the largest claim at $226 million and the second at $206 million, the crypto exchange entailed about 1 million creditor s. It should be noted that none of these creditor s were named in the court document. The troubled platform has Sullivan & Cromwell along with Landis Rath & Cobb as its bankruptcy lawyers. FTX’s bankruptcy lawyers further said in the document, “The Top 50 List is based on the Debtors’ currently available creditor information, including customer information that was able to be viewed but is not otherwise accessible at this ...