Cryptocurrency Q&A
Can a bankrupt crypto broker recover assets through Binance US?
Can a bankrupt crypto broker recover assets through Binance US?
MichaelSmith
Sat Jun 15 2024
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7 answers
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Could you please elaborate on whether a bankrupt crypto broker has the potential to recoup assets via Binance US? Is there a specific process or mechanism they can utilize? Would Binance US be willing to assist in such a situation? Also, what kind of challenges might they encounter in trying to do so? Would it be a feasible option, considering the complexities of the crypto market and the legal implications involved?
7 answers
SamuraiBrave
Mon Jun 17 2024
Voyager Digital, a once-promising crypto broker, has encountered financial difficulties, leading to its bankruptcy. Recently, the company has submitted a plan to facilitate asset recovery for its customers.
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Tommaso
Mon Jun 17 2024
According to court filings, the recovery plan involves Binance US, a leading cryptocurrency exchange, in assisting Voyager customers in retrieving their funds. This collaboration offers a ray of hope to those affected by the broker's insolvency.
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Alessandra
Mon Jun 17 2024
The early opt-in period for this recovery plan began last week. Voyager customers are now able to initiate the process by sharing relevant data with Binance US. This information will be crucial in setting up new or linking existing accounts for asset recovery.
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Stefano
Mon Jun 17 2024
Binance US, as a trusted and established player in the cryptocurrency industry, will use the provided data to streamline the account creation or linkage process. This will ensure that Voyager customers can seamlessly transition and begin the recovery process.
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Riccardo
Sun Jun 16 2024
It is worth noting that the recovery plan is still in its early stages. Customers are advised to carefully follow the instructions provided by Voyager and Binance US to ensure a smooth and efficient recovery process.
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