Voyager expects users to recover ~35% of their crypto deposits as a US judge approves its liquidation plan, letting the company return ~$1.33B in crypto assets
Dietrich Knauth / Reuters :
Court filing: Alameda Research plans to repay ~$128M in bitcoin and ~$70M in ether to bankrupt crypto lender Voyager and will reclaim ~$160M in collateral
- Crypto trading firm Alameda Research will repay two large loans demoninated in bitcoin and ether. — Once repaid, Alameda will reclaim some $160 million in collateral.
Court and financial docs show a complex relationship between Voyager and Sam Bankman-Fried's Alameda, including a possible $1.6B crypto asset loan from Voyager
Voyager will begin processing customer cash withdrawals on August 11 after getting court approval on August 4; customers can withdraw up to $100K each 24 hours
- Voyager on August 4 received approval to honor cash withdrawals with the funds held in custody at Metropolitan Commercial Bank. Source: NODE from Voyager .
FTX plans to let customers of bankrupt crypto lender Voyager create new accounts on FTX, funded by an early distribution of a part of their bankruptcy claims
this is incredible and incredibly smart 👏🏻 @SBF_FTX FTX Proposes Joint Plan to Offer Early Liquidity to Voyager Digital's Customers in Bankruptcy Proceeding https://www.prnewswire.com/...
FTX plans to let customers of bankrupt crypto lender Voyager create new accounts on FTX, funded by an early distribution of a part of their bankruptcy claims
The crypto exchange will allow Voyager customers to create accounts funded by an early distribution of a part of their bankruptcy claims.
Coinbase says it has no exposure to failed crypto firms Celsius, 3AC, and Voyager but made “non-material investments” in Terraform Labs; stock closes up 14.34%
Coinbase says it has no exposure to collapsed crypto firms Celsius, 3AC, and Voyager but made a “non-material” investment in Terraform Labs; stock up 19%+
- Coinbase said in a blog post that it had “no financing exposure” to collapsed crypto firms Celsius, Three Arrows Capital and Voyager Digital.
How crypto broker Voyager, which generated interest on deposits by loaning crypto assets, collapsed after its largest borrower Three Arrows Capital defaulted
In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard.
After 3AC's collapse, centralized lenders with exposure to 3AC had failed, while their decentralized counterparts liquidated collateral and continued operating
Good morning! An IT head, data scientist, and AI product manager walk into a bar. PYMNTS.com : Today in Crypto: Three Arrows Capital Files for Bankruptcy; Celsius Hits Three Week Mark of Closed Withd...