E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Twitter outage: Micro-blogging platform hit by technical snag; company says ‘fixed it’

August 10, 2022

Scratching Out Business Intelligence | Hackaday

August 10, 2022

German Crypto Exchange Nuri Applies for Insolvency Due To The Crypto Winter

August 10, 2022
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
Facebook Twitter Instagram
E Amazings
You are at:Home»Crypto»After Suspending Withdrawals, Voyager Digital Files for Chapter 11 Bankruptcy
Crypto

After Suspending Withdrawals, Voyager Digital Files for Chapter 11 Bankruptcy

Paul EasterBy Paul EasterJuly 6, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email



The cryptocurrency brokerage firm – Voyager Digital Ltd. – and its two subsidiaries (Voyager Digital LLC and Voyager Digital Holdings) filed for Chapter 11 Bankruptcy with the Southern District of New York. The step comes a few days after the company halted trading, deposits, and withdrawals on its platform.

  • Voyager Digital becomes the latest crypto lender to file for bankruptcy. According to a petition, the firm seeks to create a financial plan that could solve its problems with debt and creditors and enable it to restructure its operations.
  • Stephen Ehrlich – the CEO of Voyager Digital – argued that the Chapter 11 Bankruptcy aims to grant users additional protection and secure their assets.

Voyagers, today we began a voluntary financial restructuring process to protect assets on the platform, maximize value for all stakeholders, especially customers, and emerge as a stronger company. Voyager will continue operating throughout.https://t.co/TxlO4eua8E

— Stephen Ehrlich (@Ehrls15) July 6, 2022

  • In addition, the executive raised hopes that the endeavor will provide Voyager with the necessary “efficient and equitable mechanism” to cope with the challenges.
  • He also informed that clients with cryptocurrencies in their accounts will receive in exchange a combination of crypto, common shares in the newly “reorganized company,” Voyager tokens, and proceeds for the Three Arrows Capital recovery.
  • Last week, the firm suspended transactions, withdrawals, and loyalty rewards on its platform, citing the current adverse market conditions. Ehrlich disclosed that those functions remain temporarily paused.
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.





Source link

Paul Easter

Related Posts

German Crypto Exchange Nuri Applies for Insolvency Due To The Crypto Winter

By Paul EasterAugust 10, 2022

Iran Imports $10 Million Worth of Goods in Crypto (Report)

By Paul EasterAugust 10, 2022

Ethereum Merge Attracts Institutional Investors: Report

By Paul EasterAugust 9, 2022

Vitalik Outs Himself as Having Used Tornado Cash

By Paul EasterAugust 9, 2022
Add A Comment

Comments are closed.

Our Picks

Twitter outage: Micro-blogging platform hit by technical snag; company says ‘fixed it’

By Paul EasterAugust 10, 2022

Scratching Out Business Intelligence | Hackaday

By Paul EasterAugust 10, 2022

German Crypto Exchange Nuri Applies for Insolvency Due To The Crypto Winter

By Paul EasterAugust 10, 2022
Recent Posts
  • Twitter outage: Micro-blogging platform hit by technical snag; company says ‘fixed it’ August 10, 2022
  • Scratching Out Business Intelligence | Hackaday August 10, 2022
  • German Crypto Exchange Nuri Applies for Insolvency Due To The Crypto Winter August 10, 2022
  • Iran Imports $10 Million Worth of Goods in Crypto (Report) August 10, 2022
  • Smoking Meat Finds Natural Home In The Cloud August 9, 2022
  • March session in Kashmir 2022 and Jammu and Kashmir schools? JKBOSE moots proposal – Details August 9, 2022
  • Ethereum Merge Attracts Institutional Investors: Report August 9, 2022
Archives
  • August 2022
  • July 2022
  • June 2022
Facebook Twitter Instagram Pinterest TikTok
  • Home
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.