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Voyager seeks court’s approval to honour customer requests to withdraw $350m
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Cryptocurrency brokerage and lending firm Voyager Digital has asked for a bankruptcy judge’s permission to honour withdrawal requests for $350m in cash funds held on behalf of its customers at a custodian bank, court filings show.
Voyager filed for chapter 11 bankruptcy protection last week facing a “run on the bank” as customers flooded the firm with requests to withdraw their deposits, becoming one of the first victims of the sharp cryptocurrency pullback of recent months.
The...
Read more on fnlondon.comAbout this in other media
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