Voyager Bankruptcy event

Event · PageRank 0.0000

Overview

Voyager Digital was a Toronto-based crypto brokerage that filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York on 6 July 2022, days after suspending trading, deposits, withdrawals and loyalty rewards on 1 July 2022. The filing followed a default by Singapore hedge fund Three Arrows Capital, which had borrowed roughly $675 million from Voyager in the form of 15,250 bitcoin and $350 million of USDC. Voyager listed estimated assets and liabilities each in the $1 billion to $10 billion range and more than 100,000 creditors, with Alameda Research among the largest unsecured creditors. Court filings disclosed that customer crypto was held in a commingled wallet rather than segregated per-customer wallets.

Relations

No connections recorded for this entity in the DeFi Intel knowledge graph yet.

Frequently asked questions

When did Voyager Digital file for bankruptcy?

Voyager Digital filed for Chapter 11 bankruptcy protection on 6 July 2022 in the U.S. Bankruptcy Court for the Southern District of New York, after halting platform activity on 1 July 2022.

What triggered Voyager's collapse?

Voyager issued a notice of default to Three Arrows Capital, which had borrowed about $675 million from Voyager — 15,250 bitcoin plus $350 million in USDC — and failed to repay.

Were customer assets segregated at Voyager?

No. Voyager's bankruptcy filings stated the company did not maintain a separate wallet for each customer; customer crypto assets were held in a commingled wallet.