Voyager Digital: A Breakdown of their Chapter 11 Filing
Quick Take
- Digital asset lender Voyager Digital (VOYG-CA) suffering from liquidity constraints and continued cascading liquidations triggered during May-22’s Luna/UST collapse
- Filed for Chapter 11 bankruptcy protection on July 5, 2022
- Financial turmoil follows a two year bull period between 2020 – 2022 where Voyager saw users balloon from 120,000 to +3.5mm
- Latest firm in the digital asset ecosystem to face fallout from declining token prices
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Author: Greg Lim
