Cryptocurrencies
Ex-Voyager Executive Explores Competing Restructuring Plan for Crypto Lender
- Shingo Lavine wants Voyager to stop its crypto lending program
- Bankrupt companies often retain control of restructuring plans
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An erstwhile executive of bankrupt crypto lender Voyager Digital Ltd. is exploring a competing restructuring plan that would oust existing management and take the platform out of the lending business.
Former Chief Innovation Officer Shingo Lavine -- along with his father and another Voyager shareholder -- explained the broad strokes of their proposal in a bankruptcy court filing Thursday. Lavine left Voyager in early 2021 amid disagreements over the company’s direction, according to the filing.