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Voyager Plan Administrator Proposes Amendment to Liquidation Procedures

On May 27, the Plan Administrator for Voyager filed a proposed amendment to the Liquidation Procedures under which all Unsupported Tokens will be held back until a determination can be made regarding their liquidation, prompted by certain statements made by the SEC.

The Plan Administrator intends to seek clarification from the Bankruptcy Court that a liquidation of Unsupported Tokens, and as necessary, Supported Tokens, is consistent with applicable nonbankruptcy law. A hearing on the amended Liquidation Procedures is scheduled for June 6.

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