![Voyager [VGX]: Creditors oppose the immunity plan, details inside](https://i.headtopics.com/images/2022/10/15/cryptoamb/voyager-vgx-creditors-oppose-the-immunity-plan-det-voyager-vgx-creditors-oppose-the-immunity-plan-det-1581141065905545217.webp)
Following the confirmation of FTX as the winner of the auction for the assets of bankrupt crypto brokerage Voyager Digital Ltd, its creditors have challenged the proposed plans to offer the company’s officers and directors immunity from any lawsuits related to the collapse of the crypto brokerage firm, court papers filed on 12 October revealed. […]
of FTX as the winner of the auction for the assets of bankrupt crypto brokerage Voyager Digital Ltd, its creditors have challenged the proposed plans to offer the company’s officers and directors immunity from any lawsuits related to the collapse of the crypto brokerage firm,According to the court filings, the creditors, while not opposing the proposed sale to FTX as same, are necessary to “maximize recoveries to the Debtors’ unsecured creditors in the most timely, efficient, and effective...
Voyager creditors alleged further that they investigated the circumstances that led to the crypto brokerage’s bankruptcy. While not disclosing their findings, the creditors claimed that “the findings are sobering.
A look at the asset’s market-value-to-realized-value on a 30-day moving average revealed that the metric had posted negative values since 21 September. At press time, VGX’s MVRV was -28.83%, indicating a sizeable number of VGX holders held at a loss.Interestingly, despite the rally in the asset’s price in the past 24 hours, VGX continued to see negative bias from its holders. Weighted sentiment against the token has been negative since the middle of August. At press time, this was a -0.449.
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