Voyager Digital, the now-defunct crypto lender, has informed creditors that they can expect to receive their initial cash and crypto distributions "within the next few weeks." This update comes after Binance's withdrawal from the Voyager Digital deal on April 25. Voyager Digital has been navigating the bankruptcy process in the Southern District of New York to reimburse creditors after Binance US backed out of the deal. Voyager Digital says that it is making progress and is finalizing everything internally to make distributions to creditors. However, parties will have ten full days to object to the plan, and if an objection is filed, the court will hold a hearing to consider the objection before the plan can go into effect. The news of Voyager Digital's plan to reimburse creditors has been met with mixed reactions.

(By Jamie Redman)