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

by Nikhilesh De
August 20, 2022
in Cryptocurrency
Reading Time: 1 min read
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Voyager, which is at present present process chapter proceedings within the U.S. Chapter Court docket for the Southern District of New York, requested a federal decide to approve $1.9 million of its funds for a “Key Worker Retention Plan” (KERP), which means bonuses to 38 workers that the corporate claimed have been important to its continued operation and restructuring. On Friday, the Official Committee of Unsecured Collectors – a gaggle of Voyager clients – objected, saying Voyager’s workers are “already well-compensated,” and arguing that the corporate has in any other case carried out little to cut back prices.



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Tags: AwardbidCryptoCustomersemployeelenderObjectRetentionVoyagers
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