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The Voyager Unsecured Creditors Committee Reaches Settlement with FTX/Alameda: Protects Resources and Benefits Creditors

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On February 23rd, The Voyager Unsecured Creditors Committee (UCC) said on Twitter: \”UCC has reached a settlement agreement with Voyager and FTX/Alameda to effe…

The Voyager Unsecured Creditors Committee Reaches Settlement with FTX/Alameda: Protects Resources and Benefits Creditors

On February 23rd, The Voyager Unsecured Creditors Committee (UCC) said on Twitter: “UCC has reached a settlement agreement with Voyager and FTX/Alameda to effectively resolve the disputes between the two parties, which is an important step forward. The settlement agreement not only protects resources, but also provides direct substantive benefits to the creditors of Voyager. Alameda has agreed that it will (a) withdraw the USD 75 million claim against Voyager, or (b) These claims are dedicated to Voyager OpCo, which will benefit Voyager creditors. Alameda also agrees that (a) it will waive any right to distribution due to Alameda’s equity in Voyager, or (b) it will contribute such equity to Voyager OpCo. All claims that Voyager may make against FTX/Alameda in connection with the failed sales transaction are retained. FTX/Alameda will not oppose Voyager’s Chapter 11 plan. Both parties will participate in the rapid mediation of the claim of Voyager against FTX, the claim of priority of FTX against Voyager and other matters. “

Voyager and its creditors reached a settlement agreement with FTX Alameda on a series of disputes

Interpretation of the news:


The Voyager Unsecured Creditors Committee (UCC) recently announced on Twitter a settlement agreement with FTX/Alameda, which marks an important step forward in resolving their disputes. The UCC acknowledged that the settlement agreement not only protects resources but also provides direct substantive benefits to the creditors of Voyager. In essence, FTX/Alameda has agreed to withdraw the USD 75 million claim against Voyager or dedicate these claims to Voyager OpCo, which will result in benefits to Voyager creditors.

In addition to this, FTX/Alameda has also agreed to waive any right to distribution due to Alameda’s equity in Voyager or contribute such equity to Voyager OpCo. The settlement agreement retains all claims that Voyager may make against FTX/Alameda relating to their failed sales transaction, and FTX/Alameda will not oppose Voyager’s Chapter 11 plan. Furthermore, both parties will participate in the rapid mediation of the claim of Voyager against FTX, the claim of priority of FTX against Voyager, and other matters.

This settlement agreement between Voyager and FTX/Alameda is highly significant, as it offers a lot of relief to Voyager’s creditors, who will now benefit from the claims that had been in dispute earlier. The agreement also reinforces Voyager’s commitment to its creditors by allowing it to regain control of its business and exit from Chapter 11 in a more positive and controlled way.

In conclusion, the settlement agreement between the Voyager UCC, and FTX/Alameda is an important step towards resolving the disputes between the two parties. The agreement allows Voyager to move forward with its Chapter 11 plan and offers direct benefits for its creditors. It also reinforces Voyager’s commitment to its creditors and sends a strong message of stability and commitment to the market.

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