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Voyager Crypto- Wind Down Check

Posted on 8/6/24 at 7:19 pm
Posted by CE Tiger
Metairie
Member since Jan 2008
41782 posts
Posted on 8/6/24 at 7:19 pm
If anyone had crypto lost when voyager went to shite they sent out checks today. About 1/3 of total value lost
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47222 posts
Posted on 8/6/24 at 7:20 pm to
That's pretty impressive they were able to claw back that much. Assuming they paid out in cash
Posted by Hateradedrink
Member since May 2023
3092 posts
Posted on 8/6/24 at 7:21 pm to
I’m guilty of trusting voyager. Thankfully I pulled my assets out before it all went to hell
Posted by CE Tiger
Metairie
Member since Jan 2008
41782 posts
Posted on 8/6/24 at 7:30 pm to
I got a third value in crypto and another third in cash. Not terrible .
Posted by Civildawg
Member since May 2012
9736 posts
Posted on 8/6/24 at 8:26 pm to
So they are sending physical checks?
Posted by CE Tiger
Metairie
Member since Jan 2008
41782 posts
Posted on 8/6/24 at 8:32 pm to
Yup.

You can set up an account and see what your owed at investvoyager.com

Mine showed pending but I checked my USPS Informed Delivery and saw the check was in the mail and got it today
Posted by Civildawg
Member since May 2012
9736 posts
Posted on 8/6/24 at 8:46 pm to
I just checked the website and it still says pending on the check. Maybe I'll get mine this week
Posted by ynlvr
Rocket City
Member since Feb 2009
5037 posts
Posted on 8/6/24 at 9:09 pm to
Happy to receive the $$$. However, Claim Value was calculated at 70% on date of declared bankruptcy when coins were at low values. Received first installment “in kind” so that worked in my favor since one bitcoin was transferred one for one. Unfortunately, I had several bitcoins (and ETH) so todays check was substantially less than todays coin values. Still more than I originally anticipated when it went belly up.
Posted by slackster
Houston
Member since Mar 2009
89380 posts
Posted on 8/6/24 at 11:02 pm to
Thanks for the update!
Posted by castorinho
13623 posts
Member since Nov 2010
84382 posts
Posted on 8/7/24 at 7:38 am to
quote:

That's pretty impressive they were able to claw back that much.
Some FTX folks actually got more (in USD) than what they had at a time because crypto went up so much.
If you were just a holder, obviously that doesn't help you as you received less crypto. But still very interesting how these things can shake out in crypto vs stocks.
Posted by slackster
Houston
Member since Mar 2009
89380 posts
Posted on 8/7/24 at 8:34 am to
quote:

But still very interesting how these things can shake out in crypto vs stocks.


If this happened with a legitimate brokerage firm you’d be fine regardless. Inconvenienced, sure, but fine. The stock is yours and not commingled with the firms funds.

Perhaps to your point though, you’d get paid back in kind regardless. You’re not going to get liquidated out of your position.
Posted by Civildawg
Member since May 2012
9736 posts
Posted on 8/7/24 at 2:48 pm to
Got my check today. Thanks for the heads up or I would have probably just thrown it away thinking it was just court material that I've thrown away multiple times. I was pleasantly surprised at the amount
Posted by Chorizo chang
Statesboro
Member since Feb 2022
644 posts
Posted on 8/7/24 at 8:53 pm to
Sheesh there’s a blast from the past. I know alot of bros that absolutely lost their fricking pants on Voyager
Posted by 98eagle
Member since Sep 2020
2590 posts
Posted on 8/7/24 at 9:11 pm to
Assume the Voyager payout is only to those who actually held crypto in their Voyager account. I did not hold any crypto with Voyager, but I did have a good bit of Voyager stock. I assume Voyager stockholders like myself are still out of luck and will never be reimbursed.
Posted by slackster
Houston
Member since Mar 2009
89380 posts
Posted on 8/7/24 at 9:15 pm to
quote:

Assume the Voyager payout is only to those who actually held crypto in their Voyager account. I did not hold any crypto with Voyager, but I did have a good bit of Voyager stock. I assume Voyager stockholders like myself are still out of luck and will never be reimbursed.


Yeah that money is gone. Hopefully a tax write off if in a taxable account though
This post was edited on 8/7/24 at 9:16 pm
Posted by 98eagle
Member since Sep 2020
2590 posts
Posted on 8/7/24 at 9:22 pm to
Thanks. My Voyager shares were in Roth and HSA accounts, so I am SOL. I did lose a sizeable amount on Voyager shares, but I did make a lot more on other crypto related investments, so I am still happy even though I was pissed originally.
Posted by Rabt
Member since Jan 2021
16 posts
Posted on 8/9/24 at 9:26 pm to
Got my check yesterday.
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