Voyager joins Three Arrows Capital in filing for bankruptcy. Three Arrows, however, filed a Chapter 15 petition tied to an ongoing liquidation effort ordered by a court in the British Virgin Islands., Voyager’s loan book accounted for nearly half of its total assets, and nearly 60% of that loan book was composed of loans to Three Arrows.
While FDIC insurance would indeed protect bank-held cash deposits up to $250,000, it would not cover cash converted to stablecoins. Commentators including Coppola haveMoreover, the FDIC insurance kicks in in the event of a bank failure – in this case, Voyager was banked by Metropolitan Commercial Bank. There is no protection in the event of a Voyager failure.
Source: Digital Coin News (digitalcoinnews.net)
LedesmaLyllah Thank Jebus. Worst exchange Iv ever used. investvoyager this is what happens when you repeatedly leave your customers out to dry ✌️
LedesmaLyllah Bankruptcy cleans the market. Weak ones disappear, stronger hands survive. No risk, no reward. Capitalism at work. Bitcoin will come out stronger after this crash. Many sh*t coins will be washed out.
LedesmaLyllah dks💪💪💪
LedesmaLyllah DKS
LedesmaLyllah dks
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