• Latest
  • Trending
Voyager Digital Recordsdata For Chapter

Voyager Digital Recordsdata For Chapter

July 18, 2022
GameFi Market Report First Half Of 2022

GameFi Market Report First Half Of 2022

August 17, 2022
Leaders of Hanoi Capital College made a tough dedication amid the time when college students accused lecturers of sexual harassment

Leaders of Hanoi Capital College made a tough dedication amid the time when college students accused lecturers of sexual harassment

August 16, 2022
The information that the woman’s physique was discovered lacking for greater than a month in Hanoi, what did CA Hoai Duc and her household say?

The information that the woman’s physique was discovered lacking for greater than a month in Hanoi, what did CA Hoai Duc and her household say?

August 16, 2022
Banning flights for six months for feminine passengers dancing ‘digital life’ whereas filming Tiktok in the midst of the airport

Banning flights for six months for feminine passengers dancing ‘digital life’ whereas filming Tiktok in the midst of the airport

August 16, 2022
Close to Weekly Recap | Jul 4th – tenth, 2022

Close to Weekly Recap | Jul 4th – tenth, 2022

August 16, 2022
Explaining the truth that the value of automobiles concurrently cooled down, giving peanuts nonetheless made the market gloomy

Explaining the truth that the value of automobiles concurrently cooled down, giving peanuts nonetheless made the market gloomy

August 16, 2022
Vietlott Mega outcomes 6/45: Who’s the proprietor of the Jackpot lottery prize of greater than 21 billion VND?

Vietlott Mega outcomes 6/45 on August 14: On the lookout for the proprietor of the large 39 billion VND Jackpot?

August 16, 2022
Lottery Vietlott Energy 6/55: Revealed the proprietor received the Jackpot 115 billion dong?

Vietlott Energy Lottery 6/55 August 16: Who’s the proprietor of the large Jackpot of practically 49 billion VND?

August 16, 2022
Hyundai Ioniq 5 is obtainable on the market for practically 2 billion VND with many particular provides

Hyundai Ioniq 5 is obtainable on the market for practically 2 billion VND with many particular provides

August 16, 2022
Kia Sorento Hybrid is more likely to return to Vietnam after the launch of ASEAN

Kia Sorento Hybrid is more likely to return to Vietnam after the launch of ASEAN

August 16, 2022
Paradox: Honda Wave Alpha Thailand arrived in Vietnam 3 occasions greater, on par with SH125i

Paradox: Honda Wave Alpha Thailand arrived in Vietnam 3 occasions greater, on par with SH125i

August 16, 2022
Ford Edge 2023 revealed with a very new look, promising to trigger a market fever

Ford Edge 2023 revealed with a very new look, promising to trigger a market fever

August 16, 2022
VNNews
Wednesday, August 17, 2022
Subscription
Advertise
  • Home
  • Entertainment
  • Socity
  • Economy
  • Sport
  • Lifestyle
  • Electrical
  • Education
No Result
View All Result
VNNews
No Result
View All Result

Voyager Digital Recordsdata For Chapter

July 18, 2022
in Economy

Cryptocurrency lender Voyager Digital filed for chapter on July 5, 2022, turning into the second firm after 3AC to declare chapter in current occasions.
Voyager Digital Files For Bankruptcy

Toronto (Canada)-based Voyager Digital filed for Chapter 11 chapter safety within the United States District Court docket for the Southern District of New York on the night of July 5, 2022 (US Japanese Time).

YOU MAY ALSO LIKE

Voyager Digital Sends Overdue Discover To Three Arrows Capital

FTX Will Partially Compensate Voyager Customers If They Register For An Alternate Account

One other crypto-bankruptcy: Voyager Digital Holdings, Inc. filed for Chapter 11 chapter safety tonight within the Southern District of New York pic.twitter.com/NBKW1tlvqr

— Randall G. Reese (@Chapter11Cases) July 6, 2022

Voyager is estimated to have greater than 100,000 customers and manages belongings between $1 and $10 billion. In the meantime, the corporate’s debt can be within the vary of lower than $10 billion.

Voyager Digital CEO Stephen Ehrlich in a statement issued late Tuesday:

“Whereas I strongly consider on this future, the extended volatility and contagion within the crypto markets over the previous few months, and the default of Three Arrows Capital require us to take deliberate and decisive motion now. The chapter 11 course of offers an environment friendly and equitable mechanism to maximise restoration.”

Ehrlich later confirmed the information as effectively, declaring the corporate’s debt restructuring motion “voluntary” to “defend the belongings on the platform, the pursuits of shareholders and particularly customers,” and on the similar time confirmed will proceed to function.

Voyagers, at present we started a voluntary monetary restructuring course of to guard belongings on the platform, maximize worth for all stakeholders, particularly clients, and emerge as a stronger firm. Voyager will proceed working all through.https://t.co/TxlO4eua8E

— Stephen Ehrlich (@Ehrls15) July 6, 2022

Based on the debt restructuring plan introduced by Voyager, clients holding crypto belongings in company accounts will obtain a part of the remaining crypto belongings, debt recoverable from 3AC, and shares within the new Voyager firm after having restructured Voyager’s debt and tokens.

Prospects with crypto of their account(s) will obtain in trade a mix of the crypto of their account(s), proceeds from the 3AC restoration, frequent shares within the newly reorganized Firm, and Voyager tokens.

— Stephen Ehrlich (@Ehrls15) July 6, 2022

Voyager Digital beforehand mentioned that Three Arrows Capital owes itself greater than $662 million in cryptocurrency. The corporate suspended buying and selling, deposit, and withdrawal from July 2 and at last filed for chapter on July 5.

The corporate’s present belongings are $110 million in money, $350 million in financial institution accounts, and $1.3 billion in consumer crypto belongings. The corporate additionally announced that it’s going to take authorized motion to gather the debt from Three Arrows Capital.

Voyager Digital Files For Bankruptcy

In its chapter submitting, Voyager mentioned it owed Alameda $75 million, though on the finish of June the corporate mentioned it had borrowed $200 million in money/USDC, 15,000 Bitcoin (BTC), with a complete worth of about $485 million on the time of borrowing.

It’s value noting that Voyager’s share value has fallen by almost 90% previously month.

Voyager Digital Files For Bankruptcy
Voyager Digital’s share value. Supply: TradingView

DISCLAIMER: The Info on this web site is supplied as common market commentary and doesn’t represent funding recommendation. We encourage you to do your personal analysis earlier than investing.

Be a part of CoinCu Telegram to maintain observe of reports: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu Information

Supply: link

Tags: BankruptcydigitalFilesVoyager
ShareTweetPin

Related Posts

GameFi Market Report First Half Of 2022
Economy

GameFi Market Report First Half Of 2022

August 17, 2022
Close to Weekly Recap | Jul 4th – tenth, 2022
Economy

Close to Weekly Recap | Jul 4th – tenth, 2022

August 16, 2022
Vietlott Mega outcomes 6/45: Who’s the proprietor of the Jackpot lottery prize of greater than 21 billion VND?
Economy

Vietlott Mega outcomes 6/45 on August 14: On the lookout for the proprietor of the large 39 billion VND Jackpot?

August 16, 2022
Lottery Vietlott Energy 6/55: Revealed the proprietor received the Jackpot 115 billion dong?
Economy

Vietlott Energy Lottery 6/55 August 16: Who’s the proprietor of the large Jackpot of practically 49 billion VND?

August 16, 2022
Gold worth at midday on August 16: Concurrently fell with out brake
Economy

Gold worth at midday on August 16: Concurrently fell with out brake

August 16, 2022

Search

No Result
View All Result

© 2021 VN.News - Vietnam Online 24/7

Email us: [email protected]

  • About
  • Buddhismvn
  • Privacy & Policy
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Entertainment
  • Socity
  • Economy
  • Sport
  • Lifestyle
  • Electrical
  • Education

© 2021 VN.News - Vietnam Online 24/7