Cryptocurrency exchange Voyager Digital (OTC:VYGVQ) is sharing its initial recovery plan with customers after filing for Chapter 11 bankruptcy.

In an email sent to customers on Tuesday, the company detailed the procedures it intends to execute for the company's Chapter 11 plan and how initial recoveries in crypto or cash would be provided to customers through the Voyager app.

According to the email, Voyager's estate has $1.334 billion in assets, which equates to 75.68% of the aggregate value of customer claims against the company. However, customers will receive an initial recovery estimated to be 35.72% of their claim amount due to certain...