Representations of cryptocurrencies and Voyager Digital logo are seen in this illustration taken, July 7, 2022. REUTERS/Dado Ruvic/Illustrations/File Photo
Aug 4 (Reuters) - The U.S. Bankruptcy Court in New York has given crypto firm Voyager Digital Holdings Inc the approval to return $270 million in customer cash, the Wall Street Journal reported on Thursday.
Judge Michael Wiles, who is overseeing Voyager's bankruptcy, ruled that the company provided "sufficient basis" to support its contention that customers should be allowed access to the custodial account held at Metropolitan Commercial Bank, the Journal said. (https://on.wsj.com/3SpvW09)
The company was not immediately available for comment.
Voyager, one of several firms to struggle in the wake of broad crypto market turmoil, filed for Chapter 11 last month.
In its bankruptcy filing, Voyager estimated that it had more than 100,000 creditors and between $1 billion and $10 billion in assets, as well as liabilities of the same...
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