Cryptocurrencies
Voyager Account Holders Likely Won’t Get All Their Crypto Back
- Crypto firm’s bankruptcy plan says users will be impaired
- Voyager lends customer deposits to other crypto market players
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Account holders at now-bankrupt Voyager Digital Ltd. shouldn’t expect to get all their crypto back as the company reorganizes.
The crypto brokerage and lender filed for Chapter 11 bankruptcy late Tuesday, renewing unresolved legal questions about how digital assets will interact with US insolvency law. One thing is certain: Voyager doesn’t intend to simply give users back their Bitcoin, Ether and other assets stored on the platform.