Mark Cuban Caught in Bankruptcy of Crypto Lender Voyager
Successful entrepreneur and star of the Shark Tank tv show is a crypto investor but one of his bets just backfired.
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Successful entrepreneur and star of the Shark Tank tv show is a crypto investor but one of his bets just backfired.
"This comprehensive reorganization is the best way to protect assets on the platform," Voyager told investors about its Chapter 11 filing.
The crypto broker said it's on the hook for about $370 million of bitcoin and $350 million of USDC and has asked for a repayment installment by Friday.
Voyager Digital becomes the latest crypto firm to face solvency issues as it requests loan repayment from the Singapore-based hedge fund.
/PRNewswire/ - Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing consumer cryptocurrency...