Crypto broker Voyager Digital files for Chapter 11 bankruptcy

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Crypto broker Voyager Digital files for Chapter 11 bankruptcy
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Crypto broker Voyager Digital has filed for Chapter 11 bankruptcy in a New York court.

The late-hour filing comes days after Voyager halted trading, deposits and withdrawals.

Voyager Digital has filed for Chapter 11 bankruptcy in New York, according to a court filing from the crypto broker.for Voyager Digital Holdings, estimated assets are between $1 billion and $10 billion, with between $1 billion and $10 billion in estimated liabilities. The estimated number of creditors exceeds 100,000.

Three business entities -- Voyager Digital Holdings, Voyager Digital LLC and Voyager Digital, Ltd. -- are seeking protection. The three largely identical petitions were submitted via the Southern District of New York bankruptcy court.Last Friday, Voyager halted withdrawals, deposits and trading, citing the present market conditions.

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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