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Crypto broker Voyager Digital files for bankruptcy following the collapse of Three Arrows

2022-07-06 1 Dailymotion

Cryptocurrency broker Voyager Digital filed for bankruptcy on Tuesday in the wake of the collapse of the major crypto hedge fund Three Arrows Capital (3AC). <br />Voyager’s Chapter 11 filing comes just days after 3AC filed for bankruptcy — and about a week after 3AC defaulted on a loan provided by Voyager.<br /><br />In a press release, Voyager Digital states that it has about $1.3 billion worth of crypto assets on the platform, $110 million in cash and crypto assets on hand, and the $350 million it holds in an FBO (For-Benefit-Of) account for customers. It also says 3AC still owes more than $650 million.

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