Voyager Seeks Bankruptcy as Crypto Mogul’s Lifeline Fails (3)
By Suvashree Ghosh and Anna Irrera
July 6, 2022, 9:51 AM
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.
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 ...