Voyager Seeks Bankruptcy as Crypto Mogul’s Lifeline Fails (3)

Crypto broker Voyager Digital Ltd. filed for Chapter 11 bankruptcy protection just weeks after getting a lifeline from billionaire Sam Bankman-Fried’s Alameda Research, citing market volatility and the collapse of a hedge fund it had lent money to.

The firm and two affiliates, Voyager Digital LLC and Voyager Digital Holdings, took the step in the Southern District of New York, a filing showed on Wednesday.

Sam Bankman-Fried

Photographer: Sarah Silbiger/Bloomberg

Voyager, which secured a credit line worth about $485 million from Alameda in mid-June, is among a growing list of casualties of a market collapse that’s seen about $2 trillion wiped off ...