{"id":31073,"date":"2024-04-11T11:12:03","date_gmt":"2024-04-11T11:12:03","guid":{"rendered":"http:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/"},"modified":"2024-04-11T11:12:03","modified_gmt":"2024-04-11T11:12:03","slug":"when-can-you-withdraw-funds","status":"publish","type":"post","link":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/","title":{"rendered":"When Can You Withdraw Funds?"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div>\n<p>Voyager Digital, once ensnared in bankruptcy, has achieved a significant breakthrough in its recovery efforts. The company has amassed $484.35 million through settlements, chiefly with FTX, marking a pivotal moment in its quest to compensate creditors.<\/p>\n<p>This substantial sum, predominately from the FTX settlement, constitutes around 25% of the total claims by Voyager\u2019s creditors.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-voyager-plans-for-the-next-stage-of-repayments\">Voyager Plans For the Next Stage of Repayments <\/h2>\n<p>Under the bankruptcy proceeding, Paul Hage, the Plan Administrator of Voyager, announced the settlements with FTX, D&amp;O Insurance, and Three Arrows Capital. Consequently, plans are underway to disburse these funds expediently. <\/p>\n<p>Amidst a tumultuous period for the cryptocurrency sector, Voyager\u2019s financial distress became public in July 2022, leading to its bankruptcy filing. <\/p>\n<p>The saga took a dramatic turn in October 2023 when regulatory bodies accused former CEO Stephen Ehrlich of deceit. The allegations, posed by the Commodity Futures Trading Commission (CFTC), painted a grim picture of mismanagement. They claimed that Ehrlich\u2019s actions precipitated the platform\u2019s downfall, causing significant investor losses.<\/p>\n<p>Read more: What Getting \u2018Rekt\u2019 Means: A Crypto Term Explained<\/p>\n<p>Nonetheless, the bankruptcy team has showcased resilience. Beyond the FTX deal, the company has a substantial claim in the Three Arrows Capital litigation, totaling approximately $675 million. Of this, Voyager\u2019s direct share is $20.43 million, illustrating the ongoing efforts to recuperate lost assets.<\/p>\n<p>Moreover, the reinstatement of customer withdrawals in June 2023 marked a turning point. It allowed users to reclaim over $250 million within a month, reflecting a regained trust in Voyager\u2019s operations. <\/p>\n<p>The company anticipates further disbursements from asset liquidations and litigation settlements in the future. A notable mediation with D&amp;O Insurance will contribute at least $14.35 million to the creditor compensation pool.<\/p>\n<p>Operational challenges persist, notably with unclaimed funds. Voyager reports about 270,000 uncashed checks, totaling $17 million. Most are under $25. The firm has announced an April 20 deadline for claiming these funds, stressing the importance of timely action.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cI encourage all creditors to deposit any uncashed checks or request a check re-issuance, if necessary, prior to April 20, 2024. Any initial distribution checks that remain outstanding on April 20, 2024, will be canceled and deemed unclaimed,\u201d Hage said.<\/p>\n<\/blockquote>\n<p>The company\u2019s journey is also marred by security concerns, highlighted by a significant data breach during its bankruptcy process. This breach exposed customer information, fueling worries about data security and privacy. <\/p>\n<p>Read more: 9 Crypto Wallet Security Tips To Safeguard Your Assets<\/p>\n<p>Voyager has since engaged experts to investigate the breach\u2019s scope and origin.<\/p>\n<div id=\"bic-c-disclimer-d988223e-04ea-4f45-8932-686118a4703b\" class=\"p-5 mt-6 rounded-lg border border-grey-200 \">\n<div class=\"pl-8 text-grey-700 [&amp;_p:not(.dh)]:!p4 [&amp;_p:not(.dh)]:!p4--ns [&amp;_p:not(.dh)]:!mb-0\">\n<p class=\"p3 p3--ns mb-2 unstyled-content-p dh\">Disclaimer<\/p>\n<p>In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our\u00a0Terms and Conditions,\u00a0Privacy Policy, and\u00a0Disclaimers\u00a0have been updated.<\/p>\n<\/div>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/beincrypto.com\/voyager-secures-484-million\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Voyager Digital, once ensnared in bankruptcy, has achieved a significant breakthrough in its recovery efforts&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":31074,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>When Can You Withdraw Funds? - iCoinMarket<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"When Can You Withdraw Funds? - iCoinMarket\" \/>\n<meta property=\"og:description\" content=\"Voyager Digital, once ensnared in bankruptcy, has achieved a significant breakthrough in its recovery efforts....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/\" \/>\n<meta property=\"og:site_name\" content=\"iCoinMarket\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-11T11:12:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CryptoExpert\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CryptoExpert\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/\"},\"author\":{\"name\":\"CryptoExpert\",\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/person\/b833004b8442f2a803ee5ae3df2916b9\"},\"headline\":\"When Can You Withdraw Funds?\",\"datePublished\":\"2024-04-11T11:12:03+00:00\",\"dateModified\":\"2024-04-11T11:12:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/\"},\"wordCount\":471,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/icoinmarket.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/\",\"url\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/\",\"name\":\"When Can You Withdraw Funds? - iCoinMarket\",\"isPartOf\":{\"@id\":\"https:\/\/icoinmarket.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png\",\"datePublished\":\"2024-04-11T11:12:03+00:00\",\"dateModified\":\"2024-04-11T11:12:03+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#primaryimage\",\"url\":\"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png\",\"contentUrl\":\"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png\",\"width\":1280,\"height\":720,\"caption\":\"Voyager Digital Rallies $484 Million in Recovery Efforts, Aims for Rapid Creditor Repayment\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\/\/icoinmarket.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"When Can You Withdraw Funds?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/icoinmarket.com\/#website\",\"url\":\"https:\/\/icoinmarket.com\/\",\"name\":\"iCoinMarket\",\"description\":\"Latest Bitcoin &amp; Cryptocurrency News\",\"publisher\":{\"@id\":\"https:\/\/icoinmarket.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/icoinmarket.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/icoinmarket.com\/#organization\",\"name\":\"iCoinMarket\",\"url\":\"https:\/\/icoinmarket.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/icoinmarket.com\/wp-content\/uploads\/2021\/05\/logo.png\",\"contentUrl\":\"https:\/\/icoinmarket.com\/wp-content\/uploads\/2021\/05\/logo.png\",\"width\":537,\"height\":100,\"caption\":\"iCoinMarket\"},\"image\":{\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/person\/b833004b8442f2a803ee5ae3df2916b9\",\"name\":\"CryptoExpert\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/icoinmarket.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/icoinmarket.com\/wp-content\/litespeed\/avatar\/947372d3ac00681cdd6575f652043b85.jpg?ver=1715957294\",\"contentUrl\":\"https:\/\/icoinmarket.com\/wp-content\/litespeed\/avatar\/947372d3ac00681cdd6575f652043b85.jpg?ver=1715957294\",\"caption\":\"CryptoExpert\"},\"sameAs\":[\"https:\/\/icoinmarket.com\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"When Can You Withdraw Funds? - iCoinMarket","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/","og_locale":"en_US","og_type":"article","og_title":"When Can You Withdraw Funds? - iCoinMarket","og_description":"Voyager Digital, once ensnared in bankruptcy, has achieved a significant breakthrough in its recovery efforts....","og_url":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/","og_site_name":"iCoinMarket","article_published_time":"2024-04-11T11:12:03+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png","type":"image\/png"}],"author":"CryptoExpert","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CryptoExpert","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#article","isPartOf":{"@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/"},"author":{"name":"CryptoExpert","@id":"https:\/\/icoinmarket.com\/#\/schema\/person\/b833004b8442f2a803ee5ae3df2916b9"},"headline":"When Can You Withdraw Funds?","datePublished":"2024-04-11T11:12:03+00:00","dateModified":"2024-04-11T11:12:03+00:00","mainEntityOfPage":{"@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/"},"wordCount":471,"commentCount":0,"publisher":{"@id":"https:\/\/icoinmarket.com\/#organization"},"image":{"@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/","url":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/","name":"When Can You Withdraw Funds? - iCoinMarket","isPartOf":{"@id":"https:\/\/icoinmarket.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#primaryimage"},"image":{"@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#primaryimage"},"thumbnailUrl":"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png","datePublished":"2024-04-11T11:12:03+00:00","dateModified":"2024-04-11T11:12:03+00:00","breadcrumb":{"@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#primaryimage","url":"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png","contentUrl":"https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png","width":1280,"height":720,"caption":"Voyager Digital Rallies $484 Million in Recovery Efforts, Aims for Rapid Creditor Repayment"},{"@type":"BreadcrumbList","@id":"https:\/\/icoinmarket.com\/when-can-you-withdraw-funds\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/icoinmarket.com\/"},{"@type":"ListItem","position":2,"name":"When Can You Withdraw Funds?"}]},{"@type":"WebSite","@id":"https:\/\/icoinmarket.com\/#website","url":"https:\/\/icoinmarket.com\/","name":"iCoinMarket","description":"Latest Bitcoin &amp; Cryptocurrency News","publisher":{"@id":"https:\/\/icoinmarket.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/icoinmarket.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/icoinmarket.com\/#organization","name":"iCoinMarket","url":"https:\/\/icoinmarket.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoinmarket.com\/#\/schema\/logo\/image\/","url":"https:\/\/icoinmarket.com\/wp-content\/uploads\/2021\/05\/logo.png","contentUrl":"https:\/\/icoinmarket.com\/wp-content\/uploads\/2021\/05\/logo.png","width":537,"height":100,"caption":"iCoinMarket"},"image":{"@id":"https:\/\/icoinmarket.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/icoinmarket.com\/#\/schema\/person\/b833004b8442f2a803ee5ae3df2916b9","name":"CryptoExpert","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/icoinmarket.com\/#\/schema\/person\/image\/","url":"https:\/\/icoinmarket.com\/wp-content\/litespeed\/avatar\/947372d3ac00681cdd6575f652043b85.jpg?ver=1715957294","contentUrl":"https:\/\/icoinmarket.com\/wp-content\/litespeed\/avatar\/947372d3ac00681cdd6575f652043b85.jpg?ver=1715957294","caption":"CryptoExpert"},"sameAs":["https:\/\/icoinmarket.com"]}]}},"featured_image_urls":{"full":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds.png",1280,720,false],"thumbnail":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds-150x150.png",150,150,true],"medium":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds-300x169.png",300,169,true],"medium_large":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds-768x432.png",640,360,true],"large":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds-1024x576.png",640,360,true],"covernews-slider-full":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds-1115x715.png",1115,715,true],"covernews-slider-center":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds-800x500.png",800,500,true],"covernews-featured":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds-1024x576.png",1024,576,true],"covernews-medium":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds-540x340.png",540,340,true],"covernews-medium-square":["https:\/\/icoinmarket.com\/wp-content\/uploads\/2024\/04\/When-Can-You-Withdraw-Funds-400x250.png",400,250,true]},"author_info":{"display_name":"CryptoExpert","author_link":"https:\/\/icoinmarket.com\/author\/admin\/"},"category_info":"<a href=\"https:\/\/icoinmarket.com\/category\/business\/\" rel=\"category tag\">Business<\/a>","tag_info":"Business","comment_count":"0","_links":{"self":[{"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/posts\/31073"}],"collection":[{"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/comments?post=31073"}],"version-history":[{"count":0,"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/posts\/31073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/media\/31074"}],"wp:attachment":[{"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/media?parent=31073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/categories?post=31073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/icoinmarket.com\/wp-json\/wp\/v2\/tags?post=31073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}