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blk:public:00_news:2022-07-06
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| + | ====== 2022-07-06 - Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection ====== | ||
| + | [[blk:public:00_news:start | Return to In the News]] | ||
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| + | ^ Date: | 2022-07-06 | | ||
| + | ^ Title: | <WRAP>** | ||
| + | Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection | ||
| + | **</WRAP>| | ||
| + | ^ Summary: |<WRAP>// | ||
| + | Beleaguered crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of chaos in digital asset markets.// | ||
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| + | //Voyager commenced bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of New York on Tuesday, according to a filing from the company. The filing lists assets of between \$1 billion and \$10 billion, and liabilities in the same range.// | ||
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| + | //In a statement, the company said it has roughly \$1.3 billion of crypto on its platform and holds more than \$350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank.// | ||
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| + | //Voyager suffered huge losses from its exposure to crypto hedge fund Three Arrows Capital, which went bust last week after defaulting on loans from a number of firms in the industry — including $650 million from Voyager. | ||
| + | //</WRAP>| | ||
| + | ^ URL: | [[https://www.cnbc.com/2022/07/06/crypto-firm-voyager-digital-files-for-chapter-11-bankruptcy-protection.html]] | | ||
| + | ^ Author(s): | Ryan Browne | | ||
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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/2022-07-06.txt · Last modified: 2022/07/11 16:34 by nick
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