Crypto Lender Voyager’s Customers Object to Employee ‘Retention Award’ Bid

Voyager, which is currently undergoing bankruptcy proceedings in the United States Bankruptcy Court for the Southern District of New York, has asked a federal judge to approve $ 1.9 million of its funds for a “Key Employee Retention Plan. “(KERP), which means bonuses to 38 employees that the company said were vital to its ongoing business and restructuring. On Friday, the Official Unsecured Creditors Committee – a group of Voyager customers – objected, saying Voyager employees are “already well compensated” and arguing that the company has done little to cut costs.

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