Investors regret losing 'millions' in Voyager bankruptcy

Many investors became frustrated after Voyager Digital filed for bankruptcy recentlywith some claiming to have “millions” worth of crypto assets or most of their life savings locked up on a cryptocurrency exchange.

As stated earlier, Voyager halted withdrawals earlier this month amid liquidity problems as a result of Three Arrows Capital (3AC) defaulting on a $650 million loan from the company.. Although Alameda granted the company a $500 million loan in June, Voyager filed for bankruptcy on July 6.

In an article published on July 9, Fortune to speak With many Voyager users concerned about their recent bankruptcy filing. Some invested almost their entire life savings on the platform, while others invested millions in limbo..

One user, whom we will refer to as Robert for reasons of anonymity, stated that he invested nearly six figures on the platform, which is 70% of his life savings.

“I sincerely cry every day,” Robert said, adding, “I don’t know what to say to my wife. As partners, we decided [invertir en Voyager]but she trusted me, more than anyone, to make the right decision.”

As an investor for six years, Robert went on to point out that although he did some research on Voyager before using the platform, I would never have done that if I had known that the company would lend money to clients for a hedge fund:

“I had no idea that Voyager would lend [los USDC de los clientes] into a high-risk fund. If I had known I was going to loan it, I would probably have kept it in cash in my safe.”

Fortune also spoke with Scott Melker, a popular crypto influencer, aka The Wolf Of All Streets online who claims to have seven-figure chests trapped in Voyager.

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“You ran out of millions of dollars,” he said, adding that I was embarrassed by Voyager’s overexposure despite talking a lot about risk management and asset protection.

Melker has about 851,000 followers on Twitter and 121,000 subscribers on YouTube. I assure that, Although he has a lot to lose with Voyager, he feels bad that he previously promoted the platform to his fans, friends, and family..

“I understand that people make their own decisions, but they wouldn’t have thought about it even if I didn’t bring it to their attention. [sobre Voyager]. And honestly, this is worse than losing my money.”

As part of Voyager’s bankruptcy process, Company executives set their intentions to first reorganize the business into a new entity, then compensate users with a combination of cryptocurrencies, Three Arrows Capital (3AC) redemption proceeds, Voyager tokens and shares. Newly Reorganized Company.

however, It is not clear whether this will result in full compensation for all users.

Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information contained herein should not be taken as financial advice or an investment recommendation. All investment and trading moves involve risks and it is everyone’s responsibility to do the necessary research before making an investment decision.

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