====== 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]]

^ 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?//

//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.//

//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 |


/**=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
/* To add a discussion page to this page, comment out the line that says 
  ~~DISCUSSION:off~~
*/
~~DISCUSSION:on|Outstanding Issues~~
~~DISCUSSION:off~~