Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Voyager Digital has filed to default, suspending many functions including deposits and withdrawals.

Cryptocurrency exchange Voyager Digital announced Friday that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. “The failure of a borrower, Three Arrows Capital, to repay a substantial loan from us makes this the right path forward,” Voyager Digital CEO Stephen Ehrlich said on Twitter soon after the service suspension went into effect.

“This decision, while far from optimal, will give us time to work to strengthen our balance sheet, a necessary condition to protect assets and preserve the future of the Voyager platform we have built together,” Ehrlich continued. A statement issued by the companyit has engaged Moelis & Co. and the Consello Group as financial advisers, and Kirkland & Ellis as legal advisers.

Voyagers, today we made the difficult decision to temporarily suspend trading, deposits, withdrawals, and loyalty rewards. Read more at:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🤔

krakenfx jespow 's reply: + + + + + + + + + + + + +

Dumping again

How do we get our money out?

We just need to wait out this hard time.

Thanks you veryy much_,,

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crypto hedge fund Three Arrows files for bankruptcyFollowing reports that 3AC defaulted on a $670 million loan. concodanomics Price is right sad trombone lol
Source: verge - 🏆 94. / 67 Read more »