Ethos launches its Voyager recovery token program

Ethos has launched a recovery token program for users affected by the collapse of the Voyager lending platform.

Ethos has announced the launch of a recovery token program designed for users affected by the Voyager collapse.

According to the company, both VGX owners and creditors are eligible to claim their ETHOS tokens along with valid proof of claim via their official website.

The team added that while there are no guarantees, Ethos’ past recovery tokens have helped repair damage to victims. The focus is on providing light and new paths.

The collapse of Voyager Digital a few months ago affected more than one million users and wreaked havoc on the broader cryptocurrency industry. The user lost over $600 million of his after the Voyager platform collapsed.

Despite its popularity, the platform has fallen to the ground due to questionable business decisions, such as lending customer money to 3 Arrows Capital through unsecured loans.

voyager digital filing for bankruptcy nevertheless in July get a $200 million loan From Alameda Research.

Commenting on this latest development, Ethos co-founder Adam Lavine said:

“Voyager joins a long list of centralized meltdowns such as Mt Gox and Quadriga, losing customer funds in the process. We will distribute it so that users can manage their crypto assets.”

Ethos has a long history as Voyager has used Ethos technology for years to onboard new users, manage their crypto assets, and process more than $5 billion through the Ethos crypto rail. announced that it had a working relationship with Voyager.

Additionally, Ethos has been rebranded as Voyager following the 2019 merger. However, his original Ethos team left him in 2021, citing differences in business vision.

Ethos said its team will extend its recovery token program for free to users affected by Voyager’s bankruptcy. Eligible users can claim ETHOS tokens, a utility asset across the Ethos self-custody platform, the team added.

Finally, a total of 10% of the ETHOS token supply will be allocated to VGX holders based on future blockchain snapshots. An additional 10% will be prorated if Voyager creditors present proof of claim.

Ethos 2.0 is launched by a team of eight former Ethos team members and world-class cryptography experts. According to the team, Ethos 2.0 will serve as a decentralized self-custody alternative to trading applications.

Ethos is a human-powered blockchain platform. Ethos’ mission is to build an open, secure and fair decentralized financial service for everyone.

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