News

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.

Voyager Looks For "Strategic Alternatives", After Pausing Withdrawals 3

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

Victor

Recent Posts

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

2 hours ago

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

2 hours ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

2 hours ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

4 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

5 hours ago

This website uses cookies.