Today in Crypto: Voyager Starts Restructuring

KuCoin is reportedly looking to hire 300 employees over the next few months. Almost all industrial-scale bitcoin miners in Texas have shut off their machines. Bank of England Governor Andrew Bailey said crypto might have some value because of people wanting to collect assets. Celsius Network has paid down $95 million of its debt to the Aave and Compound DeFi platforms, weeks after halting customer withdrawals due to liquidity issues. Voyager has started a voluntary restructuring process under Chapter 11, which will help it resume account access, according to a company blog post. The company also confirmed that the USD in the Voyager cash account held at MCB is FDIC insured, meaning it’s covered in the event of a failure up to $250,000 per person. Source