Voyager Digital creditors billed $5.1 million for recent legal services

Quick Take

  • Law firm McDermott Will & Emery issued the bill on Monday to a group of creditors of bankrupt crypto broker Voyager.
  • Total compensation for legal services provided to date amounts to $16.48 million, with $8.97 million paid.

Law firm McDermott Will & Emery billed creditors of bankrupt crypto brokerage Voyager Digital about $5.1 million for legal services provided between March 1 and May 18.

In a Monday court filing, the law firm issued the bill to the “Official Committee of Unsecured Creditors,” bringing its total compensation to $16.48 million, covering the period from July 22, 2022, to May 18, 2023. Creditors have so far paid the law firm a total of $8.97 million.

In July 2022, Voyager filed for Chapter 11 bankruptcy protection after it was embroiled in the credit crisis that swept crypto last year.

Voyager billed

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Another Monday court filing showed that law firm Kirkland & Ellis charged Voyager and related debtors a total of $27.97 million for its legal services during the period between July 5, 2022 and May 19 this year. 

To date, the debtors have paid $23.38 million in compensation to the law firm, according to the filing.

Kirkland & Ellis has also served a number of bankrupt crypto firms in addition to Voyager, including BlockFi and Celsius.


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About Author

Timmy Shen is an Asia editor for The Block. Previously, he wrote about crypto and Web3 for Forkast.News from Taiwan after spending more than three years in Beijing covering finance and current affairs at Caixin Global and Chinese tech at TechNode. His China-related reporting has also appeared in The Guardian. When he's not chasing headlines, you'll find him savoring hot pot and shabu shabu in a Taipei local haunt. Timmy holds an MS degree from Columbia University Graduate School of Journalism. Send tips to [email protected] or get in touch on X/Telegram @timmyhmshen.

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