‘I’m out millions of dollars’: Thousands of crypto investors have their life savings frozen as Voyager files for bankruptcy protection
— Company, Crypto, Savings, Thousands, Robert, Life, Bankruptcy, Frozen, Millions, Protection — 1 min read
Cryptocurrency broker Voyager Digital has filed for Chapter 11 bankruptcy protection. The company suspended trading on July 1 and filed for bankruptcy protection late Tuesday. Voyager has mainly blamed defunct hedge fund Three Arrows Capital (3AC) for its troubles, saying 3AC has not repaid a $650 million loan. As they await next steps, some users have even shared thoughts of suicide and depression online. “Every day, honestly, I cry,” says one user of six years who invested 70% of his savings on Voyager. ‘I feel extremely awful because I was unprepared,' he says. “I don't know what to tell my wife. As partners, we decided to [invest on Voyager], but she trusted me” Source