Voyager Digital Plans Crypto Liquidation

Voyager Digital's Liquidation Plan

Voyager Digital is preparing to liquidate 38 cryptocurrency assets, impacting a range of tokens including ALGO, ATOM, AVAX, WAVES, and LUNA. This move aligns with recent updates from the platform indicating the liquidation of unsupported crypto assets on or after an "Effective Date."

Impact on Customers

Customers affected by this decision can expect an estimated initial recovery of 35.72% for their claims. However, this percentage is subject to change. The recovery process will involve receiving compensation in supported coins, USDC for unsupported coins, or VGX. Alternatively, customers can opt for cash payments.

Supported Coins and Withdrawal Process

Voyager has outlined the list of supported cryptocurrencies on its platform. Customers are provided a 30-day window to withdraw crypto assets. Once this period concludes, any remaining assets will be converted to U.S. dollars, which can be distributed via check or ACH withdrawal. This ensures customers receive their funds even if their preferred cryptocurrencies are unsupported.

Key Considerations for Users

For those preferring U.S. dollars, no extra steps are necessary. Voyager has addressed common concerns, including the handling of VGX and reasons for the inability to receive all crypto holdings. These measures are part of Voyager's efforts to streamline customer recoveries during the liquidation process.