Good news for Voyager ($VGX.X) customers – the cash deposits in the Metropolitan Commercial Bank ($MCB) were cleared to be returned to customers by Judge Michael E. Wiles of the U.S. Bankruptcy Court for Southern District of New York.
Regarding the bankruptcy proceedings, Voyager’s presentation at the second-day hearing revealed and, hopefully, relieved a significant amount of FUD. The presentation is only 12 slides long but provides some great information and addresses concerns made by customers who filed letters to the Court. Interestingly, Voyager also addressed concerns made on social media and other forums.
Withdrawals are expected to begin next week.
We’ll keep you updated as this story progresses. 💰