Voyager Digital LLC, the working platform of Voyager Digital Ltd. VOYG VYGVF, quickly suspends trading, deposits, withdrawals, and loyalty rewards, efficient July 1, 2022, at 2:00 p.m. Japanese Daylight Time.
“This was a tremendously troublesome resolution, however we imagine it’s the proper one given present market situations,” mentioned Stephen Ehrlich, Chief Government Officer of Voyager.
“This resolution provides us further time to proceed exploring strategic options with varied events whereas preserving the worth of the Voyager platform we’ve got constructed collectively. We are going to present further info on the applicable time,” Ehrlich added.
Voyager is actively pursuing all obtainable treatments for restoration from 3AC, together with by means of the court-ordered liquidation course of within the British Virgin Islands.
Additionally Learn: Crypto Broker Voyager Digital Secures $485M Loan From Bankman-Fried’s Alameda
Voyager supplied monetary and steadiness sheet updates: As of June 30, 2022, Voyager held $685.37 thousand in Crypto property, $1.12 billion underneath Crypto property loaned (together with $350 million of USDC and 15,250 BTC loaned to Three Arrows Capital), $355.725 million underneath Money held for patrons, and $168.69 million underneath Crypto collateral acquired/ held.
Value Motion: VYGVF shares are buying and selling decrease by 22.70% at $0.34 on the final test Friday.