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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]]

^ 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.//

//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.//

//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.//

//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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