Voyager Digital Latest Crypto Lender to File for Bankruptcy Protection
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Cryptocurrency broker and lender Voyager Digital has filed for bankruptcy protection. It is the latest digital asset business to struggle amid a collapse in crypto prices and contagion from the failure of hedge fund Three Arrows Capital. Voyager Digital said it had started voluntary Chapter 11 bankruptcy proceedings in the U.S. and sought recognition of its case in Ontario, Canada, where the company is listed. The company is seeking recognition of the case in the province of Ontario, where it is listed, to the company's filing for Chapter 11 in the United States and seeks Chapter 11 status in the state of New York City, New York, where Voyager Digital is listed as one of the world's largest digital asset firms. The firm is the first to file Chapter 11 proceedings. Source