Texas authorities object to Voyager’s disclosure statement in its current form
Cointelegraph
Published Oct 15, 2022 01:26AM ET
Updated Oct 17, 2022 05:20AM ET
The Texas State Securities Board (SSB) and the Texas Department of Banking (DOB) raised an objection in court against Voyager Digital’s disclosure statement, questioning the various methodologies and calculations used to estimate the fair market value of the bankrupt exchange’s crypto assets.
In a pleading filed with the United States Bankruptcy Court for the Southern District of New York, the attorneys for the SSB and DOB objected to the order approving the adequacy of Voyager’s amended disclosure statement. Voyager Digital filed for Chapter 11 bankruptcy in New York in July 2022 while proposing a recovery plan for investors.
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Written By: Cointelegraph
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