Voyager plans to resume cash withdrawals on August 11

The loan company said customers with US dollars in their accounts can withdraw up to $100,000 over a 24 hour period hours, with funds received within 5 hours. –10 working days.

Cryptocurrency lender Voyager Digital Holdings has reported that users may be able to make cash withdrawals from the app more than a month after trading, deposits, withdrawals and withdrawals were suspended. loyalty rewards.

In a blog post published on Friday, Voyager said customers with US dollars in their accounts can withdraw up to $100,000 in a 24-hour period starting August 11, with funds received within 5 10 working days. The announcement follows a judge's ruling on Thursday, the crypto lending firm was allowed to return $270 million in client funds held at the Metropolitan Commercial Bank in New York.

"Requests will be processed as quickly as possible, but will require manual review, including fraud reviews and account reconciliation, and the timing will depend, in part, on the individual banks customers are transferring their money to" , said Voyager.< /p>

Yesterday the Court approved our proposal to restore access to cash (US dollars) held at Metropolitan Commercial Bank for the benefit of clients of Travel.

We plan to resume access to in-app cash withdrawals starting Thursday, August 11. Details: https://t.co/yqsKdJhiXQ (1/7)

— Traveler (@investvoyager) August 5, 2022

Voyager announced in June that it had entered into a $500 million loan agreement with commercial company Alameda Research due to losses...