Will Voyager digital reorganize?

Account holders at now-bankrupt Voyager Digital Ltd. shouldn’t expect to get all their crypto back as the company reorganizes. The crypto brokerage and lender filed for Chapter 11 bankruptcy late Tuesday, renewing unresolved legal questions about how digital assets will interact with US insolvency law.

Does Voyager keep cryptocurrencies?

Voyager doesn’t keep user assets in designated wallets for each customer. It instead mixes deposited crypto into asset-specific pots, like ones for Bitcoin and Ether, according to court papers. The company has about $1.3 billion of crypto assets on its platform, it said in the statement.

Is Voyager's bankruptcy a real-world test?

Voyager’s bankruptcy filing this week will provide a real-world test. Voyager's customers have been locked out of their accounts for nearly a week. The crypto broker and lender suspended trading, deposits and withdrawals on July 1, saying it needed time to look for “strategic alternatives” amid a massive market slump.

Will Voyager give back bitcoin & ether?

The crypto brokerage and lender filed for Chapter 11 bankruptcy late Tuesday, renewing unresolved legal questions about how digital assets will interact with US insolvency law. One thing is certain: Voyager doesn’t intend to simply give users back their Bitcoin, Ether and other assets stored on the platform.