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Settlement Agreement Reached Between Voyager and FTX/Alameda

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On February 23rd, The Voyager Unsecured Creditors Committee (UCC) said on Twitter: \”UCC has reached a settlement agreement with Voyager and FTX/Alameda to effe…

Settlement Agreement Reached Between Voyager and FTX/Alameda

On February 23rd, The Voyager Unsecured Creditors Committee (UCC) said on Twitter: “UCC has reached a settlement agreement with Voyager and FTX/Alameda to effectively resolve the disputes between the two parties, which is an important step forward. The settlement agreement not only protects resources, but also provides direct substantive benefits to the creditors of Voyager. Alameda has agreed that it will (a) withdraw the USD 75 million claim against Voyager, or (b) These claims are dedicated to Voyager OpCo, which will benefit Voyager creditors. Alameda also agrees that (a) it will waive any right to distribution due to Alameda’s equity in Voyager, or (b) it will contribute such equity to Voyager OpCo. All claims that Voyager may make against FTX/Alameda in connection with the failed sales transaction are retained. FTX/Alameda will not oppose Voyager’s Chapter 11 plan. Both parties will participate in the rapid mediation of the claim of Voyager against FTX, the claim of priority of FTX against Voyager and other matters. “

Voyager and its creditors reached a settlement agreement with FTX Alameda on a series of disputes

Interpret the above information:


The Voyager Unsecured Creditors Committee (UCC) announced on February 23rd that it has reached a settlement agreement with FTX/Alameda and Voyager to effectively resolve their disputes. The agreement protects resources and provides direct substantive benefits to the creditors of Voyager.

Under the settlement agreement, Alameda will either withdraw its USD 75 million claim against Voyager or dedicate these claims to Voyager OpCo, which will benefit Voyager creditors. Alameda has also agreed to either waive any right to distribution due to their equity in Voyager, or contribute such equity to Voyager OpCo. All claims that Voyager may make against FTX/Alameda will be retained.

FTX/Alameda will not oppose Voyager’s Chapter 11 plan and both parties will participate in the rapid mediation of the claim of Voyager against FTX and the claim of priority of FTX against Voyager and other matters.

This settlement agreement is an important step forward for Voyager as it helps to resolve disputes and protect resources. Creditors of Voyager will benefit from the agreement, and Alameda is making significant concessions which will help to strengthen Voyager’s position.

The settlement agreement highlights the importance of mediation in resolving disputes between parties. By engaging in rapid mediation, both parties can work together to resolve disputes and reach a mutually beneficial agreement that protects their interests.

In conclusion, the settlement agreement reached between Voyager and FTX/Alameda is a positive development that will help to resolve disputes and protect resources. The agreement provides direct substantive benefits to Voyager’s creditors, and both parties will participate in rapid mediation to resolve claims and other matters. Mediation is an important tool for resolving disputes, and this agreement shows the value of working together to reach a mutually beneficial solution.

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