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FDIC reportedly scrutinizing Voyager Digital marketing; complex SBF ties come to light

07/08/2022

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2022.07.08 03:26

FDIC reportedly scrutinizing Voyager Digital marketing; complex SBF ties come to light

Some Voyager Digital account holders were surprised when they discovered that their deposits did not have the protection they thought they did after the crypto brokerage and lender filed for bankruptcy Tuesday. This could mean additional consequences for Voyager Digital.

Voyager Digital filed for bankruptcy under Chapter 11, citing debts of up to $10 billion to 100,000 creditors in a crisis brought on after Singaporean hedge fund Three Arrows Capital (3AC) default on a loan of 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) a week earlier.

07/08/2022

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