The post Crypto Lender Voyager Digital Filed For Bankruptcy in the U.S. appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
As predicted by many analysts and investors, after 3AC’s bankruptcy, there is yet another high-profile crypto firm that has filed for bankruptcy. Voyager Digital Ltd, a Crypto lender, filed for Chapter 11 bankruptcy protection on June 5th, Tuesday.
The bankruptcy protection has been done in the Southern District of New York and the firm has claimed that it has over 100,000 creditors and around $1 to $10 billion in assets. As per the filings, the funds will be accessible for distribution to unsecured creditors.
As per the reports, Voyager’s loan book represents roughly 50% of its total assets and also 60% of that credit book consisted loans of from Three Arrows.
To be Continued….