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| + | ====== 2022-07-08a - ‘I’m out millions of dollars’: Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy protection ====== | ||
| + | [[blk:public:00_news:start | Return to In the News]] | ||
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| + | ^ Date: | 2022-07-08a | | ||
| + | ^ Title: | <WRAP>** | ||
| + | ‘I’m out millions of dollars’: Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy protection | ||
| + | **</WRAP>| | ||
| + | ^ Summary: |<WRAP>// | ||
| + | Like countless others, he decided to give the cryptocurrency broker a try. The platform was easy to navigate. It offered him an up to 9% annual percentage yield (APY)—much higher than a traditional savings account. It claimed to be FDIC (Federal Deposit Insurance Corporation) insured. And being a publicly traded company on the Toronto Stock Exchange, he thought, how bad could Voyager be?// | ||
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| + | //Robert, who asked to be identified by only his first name for privacy reasons, ultimately invested six figures on Voyager, or 70% of his savings, he tells Fortune. Another user, who invested on Voyager for about six years and asked to remain anonymous due to safety concerns, has about $38,000 invested on the platform.// | ||
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| + | //But now, both of them are unable to withdraw any of their money, as the company suspended trading on July 1 and filed for Chapter 11 bankruptcy protection late Tuesday. | ||
| + | //</WRAP>| | ||
| + | ^ URL: | [[https://finance.yahoo.com/news/m-millions-dollars-thousands-crypto-223605273.html]] | | ||
| + | ^ Author(s): | Taylor Locke | | ||
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| + | /**=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=- | ||
| + | /* To add a discussion page to this page, comment out the line that says | ||
| + | ~~DISCUSSION:off~~ | ||
| + | */ | ||
| + | ~~DISCUSSION:on|Outstanding Issues~~ | ||
| + | ~~DISCUSSION:off~~ | ||
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blk/public/00_news/2022-07-08a.txt · Last modified: 2022/07/11 16:45 by nick
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