A significant settlement between Voyager Digital and FTX, approved by Judge John Dorsey of the United States Bankruptcy Court for the District of Delaware, has relieved Voyager of a $450 million repayment obligation. This agreement settles all disputes between the two parties and is a positive step in Voyager's efforts to repay creditors after filing for bankruptcy in July 2022.

The approved terms of the settlement release $5 million in escrow from Voyager and $445 million from the Alameda Research loan repayment lawsuit to the company's debtors. FTX has forfeited its rights to these funds, finalizing the settlement terms. Additionally, Voyager will receive an extra $34 million from Three Arrows Capital and D&O Insurance lawsuits, bringing the total settlement amount to $484 million. Attorney Paul Hage and FTX CEO John Ray III concluded the deal on April 4, demonstrating Voyager's commitment to compensating creditors and improving its financial stability.

Looking ahead, Voyager aims to repay users, with $20 million from Three Arrows Capital and $14 million from Directors and Officers Insurance already secured. A restructuring plan proposed in May 2023 suggests that Voyager customers may recover 35.7% of their claims in cryptocurrency or fiat currency.

Despite these positive developments, former Voyager CEO Stephen Ehrlich faces lawsuits from the U.S. Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC) for alleged fraudulent activities as of October 2023. The unresolved legal battles have added to Voyager's challenges. Moreover, Genesis and Gemini settled a lawsuit with the SEC for $21 million related to the sale of unregistered securities through the Gemini Earn program.

Nonetheless, Voyager's settlement with FTX signals an important milestone in its journey toward financial recovery and compensating creditors.