Voyager Digital creditors have opposed its move to pay employees “retention awards,” according to an August 19 court filing. Bonuses worth $1.9M Voyager had asked the bankruptcy court to approve a $1.9 million “Key Employee Retention Plan” (KERP) in an August 2 filing. The bankrupt lender wanted to pay 38 employees bonuses because they were…
Voyager Asset Management, Exchange Company in North America Info Twitter LinkedIn The Voyager app offers a simple and secure way to invest in 100 cryptocurrencies, including Bitcoin, Ethereum, and the widest selection of altcoins in North America. Learn More
Struggling crypto lender Voyager Digital has been allowed to return its customer’s $270 million deposited with Metropolitan Commercial Bank, The Wall Street Journal reported on August 4. According to the report, Judge Michael Wiles ruled that Voyager had presented a “sufficient basis” to allow its customers access to their funds at the bank. The crypto…
Voyager’s CEO Stephen Ehrlich made over $30 million when he sold the company shares when it was trading at its peak in 2021, CNBC reported Aug. 3. According to CNBC’s report, Ehrlich sold 1.9 million shares between Feb. 9, 2021, and March 31, 2021, in eleven transactions. The transactions were worth $31 million. It is…
New York’s Attorney General Letitia James has urged victims of the recent crypto market crash to contact her office. The investor alert asked those who believe they have been deceived or locked out of their accounts by various crypto projects impacted by the recent market crash to contact the NYAG Investor Protection Bureau. James also…
Metropolitan Commercial Bank filed a statement supporting Voyager Digital’s request to honor withdrawals from its For Benefit of Customers (FBO) account on July 30. The filed statement claimed that Voyager Digital opened two accounts with the banks for the benefit of its customers only, and “Voyager does not have any claim to the customer funds…
The International Monetary Fund (IMF) said the recent crypto market crash posed no threat to the wider financial stability of the world economy. The July 26 report “Gloomy and More Uncertain” states that the rising inflation rate and the possibility of a recession caused by the Ukraine war and continued COVID lockdowns have left the…
Three Arrows Capital (3AC) liquidators Teneo have gained control of assets worth $40 million belonging to the embattled hedge fund, Bloomberg News reported July 21. The liquidators reportedly stated that the fund’s assets consisted of bank accounts, cryptocurrencies, NFTs, and stakes in other firms. Bloomberg reported that Teneo representative Russell Crumpler declared on July 20…
Voyager Asset Management, Exchange Company in North America Info Twitter LinkedIn The Voyager app offers a simple and secure way to invest in 100 cryptocurrencies, including Bitcoin, Ethereum, and the widest selection of altcoins in North America. Learn More
Three Arrows Capital (3AC) liquidators have applied to a High Court in Singapore to deny any claim made by the hedge fund or access to its headquarters, court filings showed. The liquidators said they need the court to protect the hedge fund assets in Singapore, given the number of legal proceedings that might come against…