many investors People were stunned in Voyager Digital’s latest bankruptcy filing, with some claiming to have ‘millions’ worth of crypto assets or most of their life savings locked to the company.
As previously reported, Voyager paused withdrawals earlier this month. Amid liquidity problems resulting from Three Arrows Capital (3AC) default on a $650 million loan, although Alameda provided a $500 million loan in June, Voyager filed for bankruptcy on July 6.
In an article on July 9th, Fortune talkedWith many Voyager Digital users struggling with their recent bankruptcy. Some people keep almost all of their life savings on the platform. While some say there are millions trapped in it.
One user, referred to as Robert for the purpose of anonymity. It states that he keeps about six figures on the platform, which is 70% of his life savings.
“Every day, to be honest, I cry,” Robert said, adding: “I didn’t know what to tell my wife, so we decided. [ลงทุนกับ Voyager ] But she trusted me more than anyone that it was the right decision.”
As an investor for six years, Robert continues: He had done some research on Voyager before investing in this platform. He certainly wouldn’t have done that if he knew the company was going to lend clients money to hedge funds:
“I never knew Voyager would release its clients’ USDC to hedge funds, if I did, I might have kept their cash in a safer place.”
Fortune also spoke with crypto influencer Scott Melker, known as The Wolf Of All Streets online, and claimed that there was a seven-figure amount attached to Voyager.
“Listen, I ran out of millions of dollars,” he said, adding that he was embarrassed to keep the money with Voyager, despite the frequent talks about managing your risk and protecting your assets.
Melker has around 851,000 followers on Twitter and 121,000 subscribers on YouTube. He said that although he lost to Voyager, he felt worse than ever promoting the platform to his audience, friends and family.
In Voyager’s bankruptcy proceedings, the company’s management first stated his intention to reorganize the business as a legal entity. It then reimburses users through Crypto, the proceeds from Three Arrows Capital (3AC repayments), Voyager token and common stock in the restructured company.