Voyager Digital has made significant progress in compensating creditors following its bankruptcy, securing $484.35 million through settlements with FTX, Three Arrows Capital (3AC), and claims against Directors and Officers (D&O) insurance. This achievement is a major milestone in the company's financial recovery and efforts to reimburse creditors.

In a detailed report submitted to the United States Bankruptcy Court for the Southern District of New York, Voyager Digital revealed that the majority of the recovered funds, approximately $450 million, came from the settlement with FTX. Voyager filed for Chapter 11 bankruptcy in July 2022 amidst a downturn in the crypto market.

In October 2023, the United States Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC) filed parallel lawsuits against former Voyager CEO Stephen Ehrlich for making fraudulent statements. This settlement, including interest, covers about 25% of Voyager’s creditors’ total claims and is expected to be distributed soon.

Additionally, Voyager has secured a claim of roughly $675 million from ongoing litigation with Three Arrows Capital, with $20.43 million representing Voyager’s share of the initial distribution. The administrator anticipates further payments in the future as assets are sold off and more litigation settlements are finalized.

The ongoing recovery journey faces operational challenges, such as a large number of uncashed checks totaling $17 million, most of which are valued at less than $25. A deadline of April 20 has been set for claiming these checks, after which they will be voided.

Voyager continues to grapple with the aftermath of a data breach, with an ongoing investigation supported by external experts to determine its origin and full impact. As of May 2023, a restructuring plan proposed that Voyager customers initially recover 35.7% of their claims in cryptocurrency or cash. Additionally, the company settled with the FTC for $1.65 billion in monetary relief in November 2023.