Former Voyager CIO Shingo Lavine Wants Court To Consider His Plan

Shingo Lavine, a former chief innovation officer (CIO) of Voyager, and Adam Lavine, his father and business partner, oppose the troubled lender’s reorganization proposal and urge the bankruptcy court to consider his alternative. The Lavines opposed Voyager’s application for an order allowing logistics linked to assisting its reorganization plan in a filing on Thursday. They proposed a strategy in which the company would stop all lending operations, incorporate live trading, and issue a recovery token with retaining consumers on the site. Shingo and Adam both own stock in Voyager. Together, they created Ethos, which had blockchain architecture that enabled programmers to build a variety of applications as well as a wallet application. Voyager Acquired Ethos in 2018 In 2018, Voyager acquired Ethos, and Shingo joined the board. Previously the company’s CIO, the two parted ways in 2021 over differences in the direction of the business. The father and son now seek to establish themselves as the heads of a new management team and for their company, Emerald, to play a significant role in Voyager’s restructuring. Voyager is looking for bids for the company and has already filed a restructuring plan. Voyager has not yet accepted Emerald as an “acceptable bidder.” Voyager’s program is being opposed by Emerald and the former Voyager Executives, who want other restructuring ideas like theirs to be considered first. To properly submit a pr...