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On July 5, Voyager Digital filed for Chapter 11 bankruptcy showing it held custody of $1.3 billion in customer crypto assets spread across 3.5 million active users.
Recent court documents filed in the bankruptcy cases of Voyager Digital and Celsius Network reveal the financial ruin potentially facing customers of both companies. ... updates, values, prices ...
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 ...
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] The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to Binance US's proposed $1 billion acquisition of bankrupt cryptocurrency lender Voyager Digital, a bankruptcy ...
Crypto lender Voyager Digital filed for Chapter 11 bankruptcy late Tuesday. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 ...
[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.
Celsius Network LLC was a cryptocurrency company. Headquartered in Hoboken, New Jersey, Celsius maintained offices in four countries and operated globally.Users could deposit a range of cryptocurrency digital assets, including Bitcoin and Ethereum, into a Celsius wallet to earn a percentage yield, and could take out loans by pledging their cryptocurrencies as security.
Bankrupt crypto lender Voyager digital announced an agreement for Binance.US to acquire its customer assets on Monday.