Crypto lender Voyager addresses customer anger in first bankruptcy hearing
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Law firms Voyager attempted to reassure customers "all is not lost" after freezing customers' crypto accounts. The company said it had 3.5 million active users and over $5.9 billion in cryptocurrency assets at the time of its filing. Voyager filed for bankruptcy protection in Manhattan on Tuesday, blaming a recent slump in crypto markets. The judge questioned whether Voyager had even filed the right type of bankruptcy case, suggesting that it met the criteria for liquidating as a broker-dealer with protected customer accounts. Voyager considers those assets to be the company's property, saying that its customers hold unsecured claims for the value of those assets, which it did not claim. Judge Michael Wiles said the case presented several novel legal questions, including Voyager's position that Source