Voyager Official Committee of Unsecured Creditors @VoyagerUCC announced on Twitter that the date for determining the value of crypto assets on Voyager's platform is expected to be early March.

"If crypto prices rise after December 18 (as they have done so far), then estimated recoveries will be greater than 51%." VoyagerUCC added.

1/ The 51% estimated recovery is merely for illustrative purposes and uses Dec. 18 spot prices as an example. The estimated recovery by creditors will rise or fall depending on the fair market value of the cryptocurrency held on Voyager’s platform.

2/ Each creditor’s claim amount is equal to the value of such creditor’s claim in US dollars on July 5, 2022, which is the date of Voyager’s bankruptcy filing. To illustrate this point, assume that a creditor held 1 BTC in a Voyager account as of July 5, 2022.

3/ That creditor will have a claim against Voyager in the amount of approximately $20,000 (we are rounding in this example for simplicity). If Voyager’s crypto values were determined as of Dec. 18, the estimated recovery for all creditors (including this customer) would be 51%.

4/ As applied to this customer, that would mean an estimated recovery of $10,200 (which is 51% of the claim amount). However, the date for determining the value of crypto assets on Voyager's platform will be a date closer in time to the transaction Closing Date . . .

5/ . . . , which we expect will occur in early March. If crypto prices rise after December 18 (as they have done so far), then estimated recoveries will be greater than 51%.