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
Author
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.
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
Other Posts
Related Posts
Latest
Singularity Finance Strikes Strategic Partnerships to Lead the AI and RWA Economy and Expand its Ecosystem
Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments
Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts
Press Release
Singularity Finance Strikes Strategic Partnerships to Lead the AI and RWA Economy and Expand its Ecosystem
Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments
