Testimonial: Michael, USA | Case: Voyager
When Voyager filed bankruptcy, Michael went into a state of shock and couldn't believe that what happened to Celsius was going to happen to him. Michael, like many others had been contributing to his Voyager account regularly and planning to use it for retirement. When he was unable to access his funds that he had been building for years, he went into a state of panic.
“You go through the five stages of grief and there was a lot of anger because I was convinced that I would lose it, all gone. I didn't think I had any options. I wasn't even aware that my bankruptcy claim could be traded as an asset.” - Michael
When Michael first came across Xclaim he was hesitant and fearful that it was another scam. Upon learning more, he took the approach that recovering something was better than his original assumption that all of his funds were gone for good.
“It was a classic bird-in-the-hand scenario where I could wait, although I know some creditors needed their funds and there's been varying levels of claims from $300 to probably millions. I was somewhere on that spectrum. I didn't need the funds right away but I also didn't want to take the chance of waiting another two years. Mount Gox is still going, years later of litigation. I certainly didn't want the time value of money to deteriorate for me.” - Michael
Michael took a chance with Xclaim and had an offer within a week of registering. After accepting an offer, the funds were in his account within 24-48 hours. Michael is now leveraging his recovery to reinvest in present time, opposed to taking on the long-term risk and waiting for the case to play out in court.
“Having funds in the account was very meaningful and it helped bring closure and you know a sense of like, okay, now I'm going to rebuild, but at least I got something.” - Michael