After 10 months and two failed buyouts, Voyager has finally concluded its efforts to reorganize under Chapter 11.

In an announcement on Wednesday, Voyager’s official committee of unsecured creditors (UCC) revealed that the court had approved liquidation procedures, clearing the way for the firm to distribute funds to its creditors.

Funds will be made available to creditors no later than June 1, said the UCC. According to a report from Reuters, the firm will pay out $1.33 billion worth of crypto, but creditors will be entitled to receive just 35% of the value of their claims.

The approved restructuring plan comes after two failed asset buyout deals over the last few months. Under the terms of the first deal, the now-defunct crypto exchange FTX was set to acquire Voyager’s assets after winning an auction with the highest bid of $1.4 billion. At the time, Voyager hinted at potentially transitioning its customers to FTX’s U.S. subsidiary. The deal inevitably fell through when FTX filed for Chapter 11 bankruptcy less than two months later.

In December, Binance.US won a second bidding process to acquire Voyager’s assets for $1.02 billion. After several ups and downs with regulators, the U.S. government finally approved the deal in April. However, this turned out to be a short-lived victory for Voyager and its stakeholders after Binance backed out of the deal that same week, citing an “uncertain regulatory climate” in the U.S.

After the failed acquisitions, Voyager decided to opt for a direct distribution of assets to creditors. The UCC said earlier this month that it was hopeful initial distributions would begin in the next few weeks.

Still, many of the firm’s creditors were left unsatisfied with the results of the proceedings and took issue with the funds used up by the bankruptcy estate to secure an asset sale that never ended up taking place.