Crypto lender Voyager Digital said on Friday it has suspended withdrawals, trading and deposits to its platform and said it is exploring strategic alternatives to preserve the value of its platform.
In a statement, Voyager Chief Executive Stephen Ehrlich said the move gives the company"additional time to continue exploring strategic alternatives with various interested parties" while preserving the value of the platform. On June 22, Voyager signed an agreement with Alameda Ventures Ltd for a revolving line of credit, gaining access to additional capital to meet its customers' liquidity needs as crypto prices take a hit.
Voyager said it had lent $350 million and 15,250 bitcoins to 3AC. A person familiar with the matter told Reuters on Wednesday that 3AC has entered liquidation.
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