Cryptocurrency brokerage firm Voyager secured approval to return $270m in customer cash, settling one of the larger issues it faced after filing for bankruptcy.

Judge Michael Wiles of the US Bankruptcy Court in New York, who is overseeing Voyager’s bankruptcy, ruled on 4 August that the company provided “sufficient basis” to support its contention that customers should be allowed access to the custodial account held at Metropolitan Commercial Bank. Voyager had about $270m in the account when it filed for bankruptcy, the bank has said.