Voyager can't guarantee all customers will receive their crypto under proposed recovery plan
— Customer, Recovery, Funds, Voyager, Guarantee, Roughly, Receive, Lending, Proposed, Crypto — 1 min read
Voyager Digital said it had roughly $1.3 billion in affected users’ funds in addition to $650 million of “claims against Three Arrows Capital” The lending firm failed to repay the 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan. Voyager said it was holding funds “equal to the amount of USD in customer accounts” in a special FDIC-insured account at the Metropolitan Commercial Bank of New York. Data from TradingView shows the company’s share price has fallen more than 98% since its yearly high of $20.35 in November 2021, reaching roughly $0.27 at the time of publication. The company said it is “pursuing various strategic alternatives to evaluate the value of the Source