Crypto broker Voyager has announced that it will be liquidating some of its assets in order to raise funds to repay a loan and support its ongoing operations. The move comes amid a challenging period for the company, which has faced several setbacks in recent months.

Voyager Digital plans to begin returning funds to creditors as part of its bankruptcy proceedings, Voyager’s unsecured creditor committee said on May 4.

Lawyers of Voyager Digital were taken aback when Binance.US called off its deal to acquire the assets of the insolvent crypto lender on Tuesday. The deal had been approved by a judge last week in the bankruptcy court.

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Voyager was taken by surprise when Binance.US canceled a $1 billion deal to buy its assets on Tuesday, as the exchange was still showing interest as recently as last week, Voyager's attorneys told a New York courtroom on Wednesday.

April 26 (Cointime) - According to 0xScope Protocol, Voyager has sold 124.5M $VGX with an average price of $0.41 since February, totaling about $51 million.

Voyager reportedly has approximately $1.04 billion in assets available for liquidation.

April 26 (Cointime) - Binance US has announced the termination of its planned asset acquisition of Voyager. Voyager will be distributing cash and cryptocurrency assets directly to its users.

Voyager assured customers that their Chapter 11 bankruptcy plan will continue to allow for direct distribution of cash and cryptocurrency to customers through the Voyager platform.

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