A Breakdown of their Chapter 11 Filing

July 8, 2022, 12:25PM EDT

• 7 min read

Quick Take

Digital asset lender Voyager Digital (VOYG-CA) suffering from liquidity constraints and continued cascading liquidations triggered during May-22’s Luna/UST collapse
Filed for Chapter 11 bankruptcy protection on July 5, 2022
Financial turmoil follows a two year bull period between 2020 – 2022 where Voyager saw users balloon from 120,000 to +3.5mm
Latest firm in the digital asset ecosystem to face fallout from declining token prices

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Source: https://www.theblockresearch.com/voyager-digital-a-breakdown-of-their-chapter-11-filing-156594?utm_source=rss&utm_medium=rss