As such, Travel received legal authorization to dispose of the capital capital is most commonly defined as the large sum of money you would use to invest. necessary to remunerate some 30 employees in various operational areas, who perform fundamental tasks to guarantee the continuity of the company’s operations.
- Voyager Digital digital technologies are these electronic tools that have the ability to generate, store or even process data. usará USD $1,9 millones para retener a 30 empleados
- The company says these employees are key to its operations.
- As such, Travel filed for bankruptcy in early July
The cryptocurrency-based financial services company that found it necessary to file for bankruptcy, Voyager Digital, received permission from a federal judge to spend about $1.9 million to pay certain employees to ensure their continued service to the company.
Travel you want to retain key employees
The information was disseminated by several media, which claim that the measure is part of the“plan de retención de empleados clave” (KERP), with which Travel would have the power to make payments to certain key employees it deems important to its operations and to exit bankruptcy.
According to Travelling, the need to invest investing is when you put money in a financial scheme with the intent of making a gain. this capital to retain employees is because there were difficulties in keeping them within the company, he added:
“The departure of key employees from among the debtors during these cases…would destroy value, damage the debtors’ restructuring process, and negatively affect the debtors’ ability to operate in the normal course as they move forward in this situation.”
Over USD $1.9 million
Regarding the authorization for the use of the capital, Judge Michael Wiles stated that the limit indicated for Voyager Digital would be set at around USD $1.9 million.
This capital would be used to compensate some 38 people who perform essential functions in departments such as accounting, fund management, digital asset management, technology infrastructure, legal and other key areas.
Subsequently, in an update, the legal team at Travel indicated that they would not use the approved total but about $1.6 million, as the number of employees they wanted to retain was reduced to 30 because some officially left the company.
An important detail cited by the attorney for Voyager Digital is that none of the employees considered within the payment plan are part of the company’s board of directors.
After the inconveniences suffered, the fall of the market an area or arena, online or offline, in which commercial dealings are conducted. and the impossibility of adequately remunerating its users, Travel was forced to file for Chapter 11 bankruptcy protection. The company began the process early last July, just as it stopped customer deposits and withdrawals.
Faced with the company’s problems, the board has received buyout offers for Voyager Digital. One of these was presented by the exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. FTX, which they rejected because“ofrecían muy poco”which raises questions about CEO Sam Bankman-Fried’s intentions regarding the apparent altruism with which he has been addressing the effects of the bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” market among well-known companies.
Under bankruptcy status, Travel has some protection from U.S. authorities as it prepares compensation plans to compensate affected customers. It recently received approval to appropriate some $270 million in deposits to people who were harmed by what happened to the company.
- Mark Cuban sued for promoting Voyager, accusing the platform a place to buy, sell and store cryptocurrency of “Ponzi scheme”
- Voyager Digital rejected FTX buyout proposal “because they were offering too little,” company lawyer says
- U.S. Regulators Say Voyager Digital Lies About Hedging Client a client is software that can access and process blockchain transactions on a local computer. A common application of this is a cryptocurrency software wallet. Funds
Article by Angel Di Matteo / DiarioBitcoin
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