Voyager Looks For “Strategic Alternatives”, After Pausing Withdrawals

Voyager claimed to hold $650 million in claims against 3AC in addition to $1.3 billion in cryptocurrency assets on its platform. And they are making every effort to provide long-term customers with the finest possible service.

Voyager looking for strategic alternatives

As has been updated in previous Coincu News articles, Cryptocurrency Lending Company Voyager has become the latest company to be caught up in a market contagion due to the collapse of Three Arrows Capital (3AC) and the crash An ongoing liquidity crunch affects some of crypto’s biggest names. In a letter to users on Friday, the lender said it was suspending trading, deposits, withdrawals.

In a tweet thread on July 2, the lender said it currently holds roughly $1.3 billion worth of crypto assets on its platform in addition to claims of more than $650 million against 3AC. This lending company also said it held more than $350 million in cash at New York’s Metropolitan Commercial Bank.

In recent statement last week, the company said it was continuing to operate and fulfill customer orders withdrawals and seeks out “strategic alternatives”. However, what those solutions are, have not been specifically presented by the company.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Voyager Looks For “Strategic Alternatives”, After Pausing Withdrawals

Voyager claimed to hold $650 million in claims against 3AC in addition to $1.3 billion in cryptocurrency assets on its platform. And they are making every effort to provide long-term customers with the finest possible service.

Voyager looking for strategic alternatives

As has been updated in previous Coincu News articles, Cryptocurrency Lending Company Voyager has become the latest company to be caught up in a market contagion due to the collapse of Three Arrows Capital (3AC) and the crash An ongoing liquidity crunch affects some of crypto’s biggest names. In a letter to users on Friday, the lender said it was suspending trading, deposits, withdrawals.

In a tweet thread on July 2, the lender said it currently holds roughly $1.3 billion worth of crypto assets on its platform in addition to claims of more than $650 million against 3AC. This lending company also said it held more than $350 million in cash at New York’s Metropolitan Commercial Bank.

In recent statement last week, the company said it was continuing to operate and fulfill customer orders withdrawals and seeks out “strategic alternatives”. However, what those solutions are, have not been specifically presented by the company.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

CoinCu News

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