FTX-Voyager settlement worth $450M approved by bankruptcy judge

Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware has given his seal of approval to a deal between FTX and Voyager on April 29. This agreement enables Voyager to resolve all its claims with the crypto exchange as part of a comprehensive plan to compensate its creditors. Once approved, both parties will have the opportunity to release $5 million held in escrow by Voyager, as well as an additional $445 million related to a loan repayment lawsuit from Alameda Research, to the firm’s debtors. FTX will also completely relinquish any rights it has to these funds.