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Customers of insolvent crypto lender Voyager Digital reaped a minor win in court Thursday morning with a U.S. Bankruptcy Judge approving Voyager’s motion to give customers back $270 million in ...
Recent court documents filed in the bankruptcy cases of Voyager Digital and Celsius Network reveal the financial ruin potentially facing customers of both companies.
A major investor in Voyager said that the collapse of FTX puts into jeopardy the company's bailout, with $1.3 billion of investor assets threatened. [10] Following the bankruptcy of FTX, the US subsidiary of Binance won the bid to buy the assets of Voyager for approximately $1 billion in December 2022. [11]
Customers of bankrupt crypto firms Celsius and Voyager detailed stories of distress in letters to a bankruptcy court. 'I have been in shock': Court letters reveal financial distress after Celsius ...
Yahoo Finance is watching the bankruptcy of cryptocurrency platform Voyager Digital; the continued fallout from Tesla CEO Elon Musk's 2018 tweet; and a milestone Uber reached.
[3] [4] [5] The company borrowed billions of dollars to fund its trading, and according to July 2022 bankruptcy filings, faces $3.5 billion in creditors' claims. [ 6 ] [ 7 ] The fund appears to have lost in excess of $3 billion over 2021 and 2022, making its collapse one of the largest hedge-fund trading losses of all time.
Voyager made a similar argument, telling a bankruptcy judge that it considered its customers’ crypto as pooled assets that it could use on the customer’s behalf, and that those assets should ...
By mid-1986, Voyager was ready for the flight. Yeager flew as co-pilot on the 216-hour flight and set a world absolute distance record. This was the first time a woman had been listed in an absolute category. [citation needed] Dick Rutan and Voyager sued Yeager in 1995, alleging that she had misappropriated memorabilia and funds from Voyager.