Embattled crypto hedge fund manager 3AChas filed for Chapter 15 bankruptcy, while Voyager Digital has suspended trading, deposits, and withdrawals.
A Chapter 15 bankruptcy is a move that protects a firm’s U.S. assets while liquidation is carried out in the British Virgin Islands. Additionally, it prevents creditors from seizing assets in the United States and is applicable for insolvency proceedings involving more than one country., three representatives of the Singapore-based crypto hedge fund firm filed a petition for bankruptcy in New York on July 1..
Earlier this month, Voyager Digital issued a statement revealing that it had around $500 million in exposure with Three Arrows. It
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Voyager Digital suspends withdrawals, deposits and tradingCrypto company Voyager Digital said it was 'temporarily suspending trading, deposits, withdrawals and loyalty rewards' as of 2 p.m. ET on Friday.
Read more »
Crypto lender Voyager Digital suspends withdrawals, depositsCrypto lender Voyager Digital said on Friday it has suspended withdrawals, trading and deposits to its platform andsaid it is exploring strategic alternatives to preserve the value of its platform.
Read more »
TSX-Listed Voyager Digital 'Temporarily' Suspends Trading, Deposits, and Withdrawals – Bitcoin NewsOn July 1, the crypto firm Voyager announced the crypto company was “temporarily suspending trading, deposits, withdrawals and loyalty rewards.”
Read more »
Three Arrows Capital files for Chapter 15 bankruptcy in New YorkCrypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in New York.
Read more »