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Crypto Broker Voyager Digital Suspends All Trading, Deposits, And Withdrawals

July 2, 2022 by www.chiangraitimes.com

(CTN News) – In a statement released Friday afternoon, Voyager Digital said all customer trading, deposits, withdrawals, and loyalty rewards have been halted. “Given current market conditions, we believe this was the right decision,” said Stephen Ehrlich, CEO of Voyager Capital. As Erlich explained , the decision gives the firm more time to explore strategic alternatives with various interested parties and to provide additional information as necessary. Voyager’s announcement comes amid a flurry of margin calls and defaults across the sector, turning it into the latest collateral damage of the broader crypto selloff. Since their peaks last November, bitcoin and ether have fallen more than 70%, and the collapse of the UST stablecoin in May sent shockwaves through the market. Earlier this month, one of Voyager’s customers failed to make payments on a loan worth hundreds of millions of dollars, fueling growing concerns about a contagion effect of insolvency. … [Read more...] about Crypto Broker Voyager Digital Suspends All Trading, Deposits, And Withdrawals

Filed Under: Business Crypto, Crypto Broker Voyager Digital, Stephen Ehrlich, Voyager Digital, Business

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