This is one view on what happens to velocity points. Might not...

This is one view on what happens to velocity points. Might not be all doom and gloom, but certainly there does exist mixed messages.

"However, other industry experts aren’t so sure the points will be worthless. In the case of Virgin Velocity, it is actually a separate division to the airline run as a different division within the airline.Founder and CEO of iFlyFlat Steve Hui, aka the Points Whisperer, said Virgin Velocity was valued by the company at around $2 billion before COVID-19 struck, and isn’t automatically gone if the airline goes.“The Velocity program is a profitable business with over 10 million members and is a very strong loyalty marketing powerhouse,” he told Savings.com.au.“I believe Velocity points will continue to have a life even if Virgin the airline changes, but the value of the points and the redemption options and airline partners might change a little depending on who buys the Velocity business.”

https://www.savings.com.au/credit-cards/travel-credit-cards/what-happens-to-your-virgin-velocity-points-if-virgin-goes-bust#!#points