VGX, Voyager Token

A hearing on the amended Liquidation Procedures is scheduled for June 6. If the Bankruptcy Court approves the amended Liquidation Procedures, the Plan Administrator intends to move forward with making the initial distribution of Supported Tokens as soon as practicable. 6/6

For details on which tokens are Supported and Unsupported, please see these FAQs posted on May 8: investvoyager.com/blog/updat… 5/6

We do not yet have an estimated timeline for when clarification will be provided. 4/6

Specifically, the Plan Administrator intends to seek clarification from the Bankruptcy Court that a liquidation of Unsupported Tokens and, as necessary, Supported Tokens, is consistent with applicable nonbankruptcy law (e.g., securities laws). 3/6

This amendment was prompted by certain statements made by the SEC. These statements necessitate additional action by the Plan Administrator concerning certain cryptocurrencies on the Voyager platform. 2/6

On May 27, the Plan Administrator filed a proposed amendment to the Liquidation Procedures under which the Plan Administrator will hold back all Unsupported Tokens until a determination can be made regarding whether, and to what extent, they can be liquidated. 1/6

Once the plan is effective, we will provide more information on next steps. (3 / 3)

A summary of those procedures, which include information on the estimated initial recovery percentage of customers’ claims and the ability to choose cash or crypto, is available on our blog. (2 / 3) investvoyager.com/blog/updat…

On Friday, Voyager filed with the Court the procedures detailing how it intends to execute the company’s chapter 11 plan and provide initial recoveries. (1 / 3)

4/ Under the terms of the asset purchase agreement, Binance.US is required to destroy all customer information that it has received and permanently close and remove any accounts established with Voyager customer information.