97 of Voyager Customers Approve Restructuring Plan with Binance US

Bankruptcy cryptocurrency lending platform Voyager has officially announced on Twitter that 97% of its customers (corresponding to 98% of the complaints) have agreed to the proposed chapter 11 restructuring. The plan will be discussed during the bankruptcy hearing subsequent Thursday (March 2). Under the restructuring plan, the company agreed to sell some of its assets to Binance US for $1 billion. According to court filings on the evening of February 28, 98% of claims from account holders were worth more than $500 million, with unsecured claims accounting for another $3 million or more (of which $2.95 million is an unsecured claim against TopCo and $40,000 is a claim against the parent company). The company will appear at a bankruptcy hearing on Thursday, where its attorneys will seek court approval.