The bankrupt crypto lender, Voyager, has signed a non-binding term sheet with SBF-controlled quantitative trading firm, Alameda Research, to secure loans amid the turmoil in the market. The two loans will be primarily denominated in crypto. Voyager-Alameda Deal As per the announcement, the first part of Voyager’s line of credit involves a mix of cash...Read More
Voyager Digital investors and Dallas Mavericks fans are lashing out at the NBA team’s owner Mark Cuban for his role in promoting the insolvent lending platform’s unregulated crypto products. The billionaire entrepreneur is now facing a civil lawsuit. According to the court document, the plaintiffs alleged that Cuban and Voyager Digital CEO Stephen Ehrlich targeted...Read More
The insolvent crypto brokerage firm Voyager has been contacted by both the Federal Reserve and Federal Deposit Insurance Corporation (FDIC). Both bodies have demanded that the company correct all misleading statements it has previously made concerning the deposit insurance coverage of Voyager and its customers. False Claims from Voyager In a joint press release on...Read More
FTX chief Sam Bankman-Fried has lashed out at the troubled crypto lender after its lawyers rejected the buyout offer. He said Voyager still has 75% of its assets and questioned why hasn’t the company returned any of the funds to its clients yet. He also went on to speculate that the lawyers may want to...Read More
Cryptocurrency brokerage firm Voyager Digital has provided an update on its restructuring plan to compensate its customers and resume their account access. The firm clarified that while their USD deposits are safe and secure, it cannot guarantee what portion of their crypto will be returned. Crypto Not Protected by FDIC In a statement on Monday,...Read More
Shortly after filing for bankruptcy, embattled cryptocurrency brokerage firm Voyager Digital has reportedly come under scrutiny from the U.S. Federal Deposit Insurance Corporation (FDIC) for claiming that funds were FDIC-insured. According to the Wall Street Journal on Thursday (July 7, 2022), anonymous sources revealed that the FDIC is probing Voyager’s marketing. A statement on the...Read More
