Voyager, which is currently undergoing bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of New York, asked a federal judge to approve $1.9 million of its funds for a “Key Employee Retention Plan” (KERP), meaning bonuses to 38 employees that the company claimed were vital to its continued operation and restructuring. On Friday, the Official Committee of Unsecured Creditors – a group of Voyager customers – objected, saying Voyager’s employees are “already well-compensated,” and arguing that the company has otherwise done little to reduce costs.
Related posts
-
Crypto Exchanges in South Korea Address Rumors of Mass Altcoin Delistings, Say Fears Overblown: Report
Crypto exchanges in South Korea are reportedly trying to dispel fears that the country’s new digital... -
Why High Volatility in Crypto Assets Can Be a Good Thing for Investors
A. With respect to correlation, a volatile asset like crypto is actually very important to decrease... -
Crypto Market In Panic As Bitcoin Crash To $57,000 Sends 105,000 Traders To The Slaughter
The crypto market is in a state of panic with a market-wide crash that has shaken...