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What will happen to Voyager cash & crypto?

Voyager ( VYGVF) recently provided an update on what will happen to its customers’ cash and crypto. The platform paused all withdrawals, deposits and rewards on July 1. On July 6, Voyager filed for Chapter 11 bankruptcy.

Will Voyager digital recover 35% of cryptocurrency deposits?

NEW YORK, May 17 (Reuters) - Crypto lender Voyager Digital said Wednesday that customers will soon recover about 35% of their cryptocurrency deposits as the company winds down operations after a failed buyout attempt by crypto exchange Binance.US.

What's happening with Voyager digital?

We’ll send you a myFT Daily Digest email rounding up the latest Voyager Digital news every morning. Shares of Voyager Digital crashed more than 60 per cent on Wednesday after the crypto broker revealed it could lose more than $650mn it had loaned to struggling hedge fund Three Arrows Capital.

Why did Voyager file bankruptcy?

When the crypto lender announced it would pursue Chapter 11 bankruptcy, it blamed the filing on the downfall of crypto hedge fund Three Arrows Capital (3AC). Voyager had lent 3AC $650 million before the hedge fund announced it was insolvent.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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