In a Blockworks Q&A article, business restructuring partner Ryan Preston Dahl examines what investors can expect as cryptocurrency lender Voyager Digital begins bankruptcy proceedings.
In examining why crypto creditors might object to Voyager’s proposed repayment plan, Ryan explains that the value Voyager is proposing to give creditors back depends on how these cryptocurrencies are valued. He notes the complexity in valuing any asset that has the extreme volatility of crypto and there is not an established body of law for what is accepted crypto valuation practice.
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