Voyager, a crypto lending platform, has released an update on the compensation for its customers affected by the recent crypto market crash. The company has announced that customers will receive an initial recovery estimated to be 35.72% of their claim amount due to certain holdbacks. The compensation update comes as a relief to thousands of customers who were affected by the market crash

The update was released on the official blog of Voyager, where the company explained that it has been working diligently to provide the best possible outcome for its customers. The company has been in constant communication with its customers and has provided updates on the compensation process.

According to the blog post, Voyager has been able to secure certain funds that were previously held back, which will now be used to provide an initial recovery to its customers. The company has stated that it will continue to work towards providing additional recoveries as soon as possible.

Denial of the takeover proposal by BinanceUS

The denial of the takeover proposal by BinanceUS has come as a blow to the company, which has been expanding its operations in the U.S. in recent years. The company has stated that it will continue to work with the authorities to address their concerns and ensure compliance with the regulations.