Bloomberg Tax
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Tax
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

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

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.

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 ...