This article is missing information about the history of the company before 2022. Please expand the article to include this information. Further details may exist on the talk page.(February 2023)
In June 2022, Voyager Digital announced that Three Arrows Capital had not repaid loans totaling $666 Million.[1]
On July 1, the company suspended “trading, deposits, withdrawals and loyalty rewards”[2] and subsequently on July 5, the company filed for Chapter 11 bankruptcy protection.[3]
Later in July, the Federal Reserve and the FDIC in a joint letter ordered the company to cease and desist from making false and misleading statements.[4]
In August, the company received approval from a judge to return $270 million in customer cash, which was locked up after the company’s bankruptcy filing in July. The money accounted for only a small portion of total investor funds.[5]
In September, Binance and FTX both made nearly $50 million bids for the company.[6] FTX would win the auction with a nearly $50 million bid.[7][8] In November, FTX filed for bankruptcy and Voyager Digital had to find a new buyer.[9] A major investor in Voyager said that the collapse of FTX puts into jeopardy the company's bailout, with $1.3 billion of investor assets threatened.[10] Following the bankruptcy of FTX, the US subsidiary of Binance won the bid to buy the assets of Voyager for approximately $1 billion in December 2022.[11] The U.S. Securities and Exchange Commission (SEC) has filed a limited objection to Binance US's proposed $1 billion acquisition of bankrupt cryptocurrency lender Voyager Digital, a bankruptcy court filing showed in January 2023.[citation needed]
ReferencesEdit
^Huang, Vicky Ge (22 June 2022). "Crypto Broker Voyager Digital Says Three Arrows Capital Hasn't Repaid $666 Million in Loans". Wall Street Journal. Retrieved 15 March 2023.
^Huang, Vicky Ge (1 July 2022). "Crypto Broker Voyager Digital Suspends Withdrawals". Wall Street Journal. Retrieved 15 March 2023.
^Brown, Eliot; Wang, Yifan (6 July 2022). "Crypto Broker Voyager Digital Files for Bankruptcy Protection". Wall Street Journal. Retrieved 15 March 2023.
^Ackerman, Andrew (28 July 2022). "Bankrupt Crypto Brokerage Voyager Ordered to Cease False Promises About U.S. Banking Insurance". Wall Street Journal.
^Biswas, Soma (5 August 2022). "Voyager Digital Is Cleared to Return $270 Million to Customers". Wall Street Journal – via www.wsj.com.
^Vigna, Paul (20 September 2022). "Binance and FTX Make Top Bids for Bankrupt Lender Voyager". Wall Street Journal.
^Sebastian, Dave; Huang, Vicky Ge (27 September 2022). "FTX Wins Auction for Bankrupt Crypto Broker Voyager Digital's Assets". Wall Street Journal.
^"Crypto Firm Voyager Digital's Bankruptcy Plan Gets Court Hearing This Afternoon". WSJ.
^Biswas, Soma (12 November 2022). "Bankrupt Voyager Digital Looks for New Buyer After FTX Goes Under". Wall Street Journal – via www.wsj.com.
^Joyner, April. "A Voyager investor says the FTX meltdown puts the bankrupt crypto lender's bailout in jeopardy, with $1.3 billion of customer assets on the line". Business Insider.
^Ge Huang, Vicky; Ostroff, Caitlin (19 December 2022). "Binance.US to Buy Assets of Bankrupt Crypto Lender Voyager, Eyes More Acquisitions". The Wall Street Journal.
External linksEdit
Official website
October 28, 2023
voyager, digital, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, section, appears, slanted, towards, recent, events, please, keep, recent, events, histo. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article or section appears to be slanted towards recent events Please try to keep recent events in historical perspective and add more content related to non recent events November 2022 Learn how and when to remove this template message This article is missing information about the history of the company before 2022 Please expand the article to include this information Further details may exist on the talk page February 2023 Learn how and when to remove this template message Voyager Digital was a cryptocurrency brokerage company when Voyager DigitalTypePrivateIndustryHedge fundFounded2018 5 years ago 2018 DefunctJuly 5 2022 15 months ago 2022 07 05 FateLiquidationHeadquartersNew YorkWebsitewww wbr investvoyager wbr comHistory EditIn June 2022 Voyager Digital announced that Three Arrows Capital had not repaid loans totaling 666 Million 1 On July 1 the company suspended trading deposits withdrawals and loyalty rewards 2 and subsequently on July 5 the company filed for Chapter 11 bankruptcy protection 3 Later in July the Federal Reserve and the FDIC in a joint letter ordered the company to cease and desist from making false and misleading statements 4 In August the company received approval from a judge to return 270 million in customer cash which was locked up after the company s bankruptcy filing in July The money accounted for only a small portion of total investor funds 5 In September Binance and FTX both made nearly 50 million bids for the company 6 FTX would win the auction with a nearly 50 million bid 7 8 In November FTX filed for bankruptcy and Voyager Digital had to find a new buyer 9 A major investor in Voyager said that the collapse of FTX puts into jeopardy the company s bailout with 1 3 billion of investor assets threatened 10 Following the bankruptcy of FTX the US subsidiary of Binance won the bid to buy the assets of Voyager for approximately 1 billion in December 2022 11 The U S Securities and Exchange Commission SEC has filed a limited objection to Binance US s proposed 1 billion acquisition of bankrupt cryptocurrency lender Voyager Digital a bankruptcy court filing showed in January 2023 citation needed References Edit Huang Vicky Ge 22 June 2022 Crypto Broker Voyager Digital Says Three Arrows Capital Hasn t Repaid 666 Million in Loans Wall Street Journal Retrieved 15 March 2023 Huang Vicky Ge 1 July 2022 Crypto Broker Voyager Digital Suspends Withdrawals Wall Street Journal Retrieved 15 March 2023 Brown Eliot Wang Yifan 6 July 2022 Crypto Broker Voyager Digital Files for Bankruptcy Protection Wall Street Journal Retrieved 15 March 2023 Ackerman Andrew 28 July 2022 Bankrupt Crypto Brokerage Voyager Ordered to Cease False Promises About U S Banking Insurance Wall Street Journal Biswas Soma 5 August 2022 Voyager Digital Is Cleared to Return 270 Million to Customers Wall Street Journal via www wsj com Vigna Paul 20 September 2022 Binance and FTX Make Top Bids for Bankrupt Lender Voyager Wall Street Journal Sebastian Dave Huang Vicky Ge 27 September 2022 FTX Wins Auction for Bankrupt Crypto Broker Voyager Digital s Assets Wall Street Journal Crypto Firm Voyager Digital s Bankruptcy Plan Gets Court Hearing This Afternoon WSJ Biswas Soma 12 November 2022 Bankrupt Voyager Digital Looks for New Buyer After FTX Goes Under Wall Street Journal via www wsj com Joyner April A Voyager investor says the FTX meltdown puts the bankrupt crypto lender s bailout in jeopardy with 1 3 billion of customer assets on the line Business Insider Ge Huang Vicky Ostroff Caitlin 19 December 2022 Binance US to Buy Assets of Bankrupt Crypto Lender Voyager Eyes More Acquisitions The Wall Street Journal External links EditOfficial website Retrieved from https en wikipedia org w index php title Voyager Digital amp oldid 1178651024, wikipedia, wiki, book, books, library,
