Voyager Digital’s lawyers have balked at Sam Bankman-Fried’s proposal to buy out its digital assets and outstanding loans. They believe the deal is “not value-maximizing' and 'harms customers.'
On July 22, the three companies tied to FTX CEO Sam Bankman-Fried offered Voyager a deal that would see Alameda would assume all of Voyager’s assets and use FTX or FTX US to sell and disperse them proportionally to users affected by the bankruptcy.that his proposal was a way for Voyager users to recover their losses and move on from the platform:
late on July 24. He stated that Voyager’s customers have “been through enough already,” and should be able to claim their assets if they want them sooner than later because bankruptcy proceedings “can take years.” It also outlined six ways in which the proposal could “harm customers”, including capital gains tax consequences, unfairly capping the value of each Voyager user’s account at their July 5 value, and the effective elimination of the VGX token, which would “destroy in excess of $100 million in value immediately.”
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