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On June 22, US Vice President Vance addressed the nation from Switzerland. He stated that negotiations with Iran were progressing very smoothly and had yielded many positive developments. Technical discussions will continue, and he will soon return to the United States. The technical team still has much work to do, and technical negotiations will continue in the coming weeks and days. Vance noted that Iran has agreed to invite IAEA inspectors for a return visit, and the inspectors may begin work this week, as early as today. He may also have discussions with nuclear observers today. He emphasized that President Trump will respond when Iran makes false statements. Regarding the regional situation, Vance stated that a de-escalation mechanism has been established for Lebanon, hoping that Hezbollah will stop firing on Israel. This mechanism aims to curb the conflict in Lebanon while ensuring proper coordination and respect for Lebanese sovereignty. Furthermore, Vance stated that a mechanism has been established to keep the Strait of Hormuz open, which is currently open. He said he hopes to achieve a regional ceasefire and ensure Israels security, while believing that a very good foundation has been laid for a successful final agreement.June 22 - U.S. Vice President Vance said on the 22nd that the negotiations between the United States and Iran in Switzerland have made a lot of good progress, laying a very good foundation for reaching a final agreement. Iran has agreed to invite IAEA inspectors to visit Iran again.Note: Vice President Vances speech has ended.US Vice President Vance: American farmers will be richer if Iranian assets are unfrozen.U.S. Vice President Vance: (Regarding Iranian assets) We want to establish a process to ensure that funds help Iranians and do not finance terrorism.

Crypto lender Voyager Digital gets approval to return $270 million to customers

Alice Wang

Aug 05, 2022 15:16

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Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the U.S. Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the US Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


According to the Journal, Judge Michael Wiles, who is in charge of Voyager's bankruptcy, said the firm had "sufficient grounds" to back up its claim that clients should be given access to the custodial account kept at Metropolitan Commercial Bank.


The business did not immediately respond to requests for comment.


Voyager, one of several businesses that struggled after the widespread turbulence on the cryptocurrency market, filed for Chapter 11 last month.


Voyager reported that it had between $1 billion and $10 billion in assets and liabilities, as well as over 100,000 creditors, in its bankruptcy case.


The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) issued an injunction to the firm last week directing it to stop making "false and misleading" promises about the government's protection of its clients' cash.


The firm only had a bank account at Metropolitan Commercial Bank, according to the authorities, and none of the investors using its platform were covered by the FDIC.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager saw a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. Lenders have suffered from the recent decline in cryptocurrency markets, which was brought on by the failure of two significant tokens in May.

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