Voyager Digital Reportedly Plans To Liquidate 38 Crypto in Future
- The details were shared by a crypto entrepreneur, Joshua Jake.
- Jake.Some of the 38 cryptos include ALGO, ATOM, AVAX, WAVES, LUNA, etc.
Voyager Digital is reportedly planning to liquidate 38 cryptocurrencies. The warning was shared by a crypto entrepreneur named Joshua Jake.
According to the details mentioned in the screenshot shared by Jake, the assets will be liquidated on or after the “Effective Date.” The list of tokens is also mentioned in the screenshot. The full list includes $ALGO, $ATOM, $AVAX, $BTT, $CAKE, $CELO, $CKB, $DGB, $DOT, $EGLD, $EOS, $FIL, $FLOW, $HBAR, $ICP, $ICX, $IOTA, $KAVA, $KSM, $LUNA, $LUNC, $INFO, $ONT, $OP, $OTUM, $RAY, $ROSE, $SOL, $TRX, $IVET, $WAVES, $XLM, $XMR, $XTZ, $XVG, $ZEC and $ZEN.
The coins mentioned on the list are at risk of liquidation as they are unsupported by Voyager. The screenshot shared by Jake was taken from the important update shared by Voyager on May 8 regarding initial recoveries for customers.
According to the announcement, the estimated initial recovery amount for a customer’s claim is 35.72%. It’s important to note that this is just an estimate, and the actual recovery percentage might vary significantly. Initially, customers will receive their recoveries in the form of supported coins, USDC for unsupported coins, and VGX. Alternatively, customers may also choose to receive cash instead.
Voyager also mentioned the list of supported coins on the platform. The platform has also mentioned the window for withdrawing any crypto and other frequently asked questions, including what happens to VGX, why users can’t receive all their crypto, etc.
Additionally, Voyager mentioned that if users prefer to receive their initial recovery in U.S. dollars only, they don’t have to take any additional steps. They also stated that once the 30-day crypto withdrawal window ends, their account will be liquidated, and they will be provided with U.S. dollars. Voyager also mentioned that it can be done either through a check or a potential ACH withdrawal.