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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]] | ||
+ | |||
+ | ^ 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.// | ||
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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~~ | ||
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+ | ~~DISCUSSION:on|Outstanding Issues~~ | ||
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