Cryptocurrency Q&A Why did Voyager send me a check?

Why did Voyager send me a check?

RiderWhisper RiderWhisper Wed Sep 18 2024 | 6 answers 1862
Could you please clarify why Voyager has sent me a check? I'm a bit confused as to the reason behind this transaction. Is it related to a recent transaction I made on the platform? Or is it a refund for a service that I had previously paid for? I would appreciate it if you could provide me with more information on this matter. Thank you for your time and assistance. Why did Voyager send me a check?

6 answers

Nicola Nicola Fri Sep 20 2024
Alternatively, customers who had withdrawn other assets were given an equivalent amount of USDC, a stablecoin pegged to the US dollar. This approach aimed to ensure fairness and minimize the impact of market fluctuations.

Was this helpful?

399
90
SamuraiSoul SamuraiSoul Fri Sep 20 2024
During the resolution process, assets that were reinstated into customer accounts varied based on the original withdrawal. For those who had withdrawn a particular token, they received approximately 30% of the same token back.

Was this helpful?

398
92
Michele Michele Thu Sep 19 2024
Notably, the decision to offer either a percentage of the original token or USDC was not based on individual preferences but rather a standardized procedure.

Was this helpful?

318
22
CryptoVanguard CryptoVanguard Thu Sep 19 2024
For those who failed to withdraw their assets during the specified timeframe, Voyager took a different approach. It liquidated all remaining assets into USD, aiming to provide a stable and widely accepted form of compensation.

Was this helpful?

310
91
Matteo Matteo Thu Sep 19 2024
To ensure customers received their funds securely, Voyager opted to mail out checks denominated in USD. This method not only guaranteed the SAFE delivery of funds but also provided a tangible and familiar form of payment.

Was this helpful?

75
47
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts