Discover and read the best of Twitter Threads about #VoyagerBankruptcy

Most recents (3)

1/4

🚨 #VOYAGER UPDATES 🚨

This 🧵 THREAD 🧵 gives you information on my Twitter Space link and agenda to be discussed.

I need to do a Twitter Space to disseminate a bunch of information I obtained.
2/4

Hello, my fellow @VGX_Heroes, Sidekicks, and Voyagers.

I'm #VGXHero Spock. 🖖

Please join me for some updates on what's going on with the #Voyager toggle option, appeal, and other info.

TODAY at 5:00 p.m. (PACIFIC Time).

#VoyagerBankruptcy

twitter.com/i/spaces/1MYxN…
3/4

✅ AGENDA ✅

1. #Voyager Toggle Option

2. Voyager Appeal

3. $445M #Alameda/#FTX Clawback

4. Wind-Down Entity and Plan Administrator

5. Fee Examiner

6. Disputed/Disallowed Creditors Claims

7. Contributed Direct Claims to Wind-Down Entity

8. Q&A
Read 6 tweets
As many of you know, I've been following the #VoyagerBankruptcy quite closely and was a former director/CIO (resigned in Feb 2021)

I realize many don't have the full story of what happened in one place - a timeline of events

A thread on @investvoyager & @SBF_FTX 🧵 (1/n)
Voyager's lending business has always been rather opaque. Taken from their most recent interim financial statements (Sedar.com), the lenders were hidden forcing the community to speculate on how much risk/exposure there truly was Image
Voyager grew their lending book from $393M in June 2021 to over $2B in March 2022 - a over 400% increase in less than a year

This is despite the CEO assuring investors that there was "no contagion"
Read 27 tweets
1. Another defense against a clawback attempt: #Voyager may not have been insolvent until June 27, the day when 3ac defaulted on its loan.

Disclaimer: I am not a bankruptcy lawyer!

#VoyagerDigital #VoyagerBankruptcy
2. Everyone talks about the 90-day preference period, but the trustee can’t always void payments made during that full period.
3. Under Section 547(b) of the Bankruptcy Code the payment must be made while the bankrupt entity was insolvent.
Read 11 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!