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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.
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]
Recent court documents filed in the bankruptcy cases of Voyager Digital and Celsius Network reveal the financial ruin potentially facing customers of both companies.
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 ...
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 ...
The company's collapse is believed to be partially responsible for the bankruptcy and failure of the crypto lender Voyager Digital and layoffs at Blockchain.com. FTX founder and CEO Sam Bankman-Fried blamed the company for causing a ripple effect that caused the bankruptcy of other crypto firms or led those firms to freeze assets during the ...
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.
Crypto lending platforms Voyager Digital and Celsius promised eye-popping yields to their customers — that is until they both filed for bankruptcy in early July due to their exposure to the now ...