Voyager Digital crypto broker files for Chapter 11 bankruptcy
Voyager Digital cited ongoing market volatility and multimillion dollar loan default by Three Arrows Capital as major factors in its filing for bankruptcy.
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Voyager Digital cited ongoing market volatility and multimillion dollar loan default by Three Arrows Capital as major factors in its filing for bankruptcy.
Voyager Digital has filed for Chapter 11 bankruptcy in the Southern District of New York after revealing that more than half of its loaned assets were held by 3AC.
Decision comes amid prolonged volatility in crypto markets, default of Three Arrows Capital on loan from subsidiary.
Singapore-based crypto hedge fund Three Arrows Capital last month defaulted on a loan from Voyager worth roughly US$675m. Read more at straitstimes.com.