Bankruptcy filings, which first started with crypto hedge fund Three Arrows Capital, continue with Voyager Digital. As it is known, Voyager Digital has recently suspended withdrawals. According to the latest news, the company filed for bankruptcy as of late.
Voyager Digital Files For Bankruptcy
Due to the decline in the cryptocurrency market, many crypto-focused companies have been affected. According to the latest information; Voyager Digital filed for bankruptcy late at night.
Voyager Digital has filed for bankruptcy in New York, according to a court filing from the crypto broker. However, according to the petition for Voyager Digital Holdings, estimated assets are between $1 billion and $10 billion and estimated liabilities are between $1 billion and $10 billion. The estimated number of creditors exceeds 100,000.
Voyager Digital CEO Stephen Ehrlich said:
This was an extremely difficult decision, but we believe it was the right decision given the current market conditions.
As a final reminder, Voyager had filed a default notice to the Three Arrows Capital hedge fund due to the failed repayment of a $650 million loan.
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