‘I just wake up and cry': Voyager and Celsius bankruptcies have destroyed some crypto investors’ confidence in centralized platforms

United States News News

‘I just wake up and cry': Voyager and Celsius bankruptcies have destroyed some crypto investors’ confidence in centralized platforms
United States Latest News,United States Headlines
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Yotsy Ruiz invested ~$33,000 in crypto on the Voyager platform. His holdings are now worth about $5,000 as crypto prices have plunged. Voyager froze all user withdrawals. “I didn’t even know how to tell my wife,” he said. “She still doesn’t know.”

Yotsy Ruiz recently bought his first ever crypto hardware wallet — a Nano X from Ledger. He is transferring all his crypto holdings that he can still move to the small physical device which looks like a USB flash drive, and away from large centralized exchanges such as Binance and Coinbase.

The 40-year old resident of Frederick, Md., who owns a home remodeling business, hastily made the move after crypto broker Voyager Digital, which he trusted with some of his savings, froze all user withdrawals at the start of July and...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

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.

Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is 'Deeply Insolvent' – Regulation Bitcoin NewsCelsius Files for Bankruptcy — Regulator Says the Crypto Lender Is 'Deeply Insolvent' – Regulation Bitcoin NewsThe regulator believes 'Celsius is deeply insolvent and lacks the assets and liquidity to honor its obligations to account holders and other creditors.' crypto cryptocurrency
Read more »

Crypto lender Celsius to declare Chapter 11 bankruptcy: CNBCCrypto lender Celsius to declare Chapter 11 bankruptcy: CNBCCelsius is moving toward filing for Chapter 11 bankruptcy, according to CNBC.
Read more »

Crypto lending giant Celsius files for bankruptcy | EngadgetCrypto lending giant Celsius files for bankruptcy | EngadgetIt froze withdrawals and transfers a month ago after its tokens value crashed..
Read more »

CoinMarketCap News, July 14: Three Big Threats for Bitcoin on the Horizon | CoinMarketCapCoinMarketCap News, July 14: Three Big Threats for Bitcoin on the Horizon | CoinMarketCapCoinMarketCap presents you with July 14th cryptonews: U.S. inflation surges again 📈 CryptoPunk sells for $2.6M 💰 Skatepark comes to metaverse 🏂
Read more »

Celsius bankruptcy documents claim $1.2 billion balance sheet gapCelsius bankruptcy documents claim $1.2 billion balance sheet gapBeleaguered crypto lender Celsius has claimed a $1.2 billion hole in its balance sheet.
Read more »



Render Time: 2025-02-24 01:14:10