Voyager Digital, the embattled crypto lender, has revealed that its users will be able to access their funds as of August 11.
According to the announcement, the Court’s ruling on August 4 approved its request to restore access to cash held at Metropolitan Commercial Bank for the benefit of Voyager’s customers.
“We anticipate resuming access to the Voyager app for cash withdrawals only, starting on Thursday, August 11th. Customers with cash (US dollars) in their accounts will receive an email with more details.”
Users who have cash (US dollars) in their accounts will receive an email with instructions on how to withdraw their funds, according to the company.
Voyager added that customers should have access to their funds within 5-10 business days of submitting withdrawal requests. Meanwhile, each customer is limited to a daily withdrawal of $100,000.
Voyager stated that it would conduct a manual fraud and account reconciliation review.
The crypto lender also revealed that it is “pursuing a standalone restructuring process and a potential sale of the company.” It added that bids for its sale are due by August 26, and a sale hearing could be held on Sept. 8.
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