Voyager Digital Holdings, Inc. – Looking to Boost Customer Morale and Platform Integrity, Debtors Look to Allow Customers to Access Their Cash Deposits BUT Also to Liquidate Customer Cryptocurrency Where Customer Cash Balances Are Negative
July 15, 2022 – The Debtors filed a motion requesting an order that would authorize them to: (i) honor customer withdrawals in respect of customer cash held at Metropolitan Commercial Bank ("MC FBO"), (ii) liquidate cryptocurrency from customer accounts with a negative balance, (iii) sweep cash held in third-party exchanges, (iv) conduct ordinary course reconciliation of…