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- Voyager filed for Chapter 11 bankruptcy protection in July after crypto hedge fund Three Arrows Capital defaulted on a loan from the company worth $670 million1. The company suffered huge losses from its exposure to Three Arrows Capital, which went bust2. The bankruptcy was filed in the U.S. Bankruptcy Court for the Southern District of New York2. The company was unable to redeem withdrawals from its customers due to a drop in digital currency prices3. Voyager sought the court's permission to honor customer withdrawal requests for cash funds held in custody at the MCB4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Voyager filed for Chapter 11 bankruptcy protection, which seeks to restructure troubled firms as viable business operations, in July after crypto hedge fund Three Arrows Capital defaulted on a loan from the company worth $670 million.www.cnbc.com/2022/11/25/binance-others-line-up-…Voyager commenced bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of New York on Tuesday. The company suffered huge losses from its exposure to crypto hedge fund Three Arrows Capital, which went bust last week.www.cnbc.com/2022/07/06/crypto-firm-voyager-dig…Voyager filed for Chapter 11 bankruptcy protection in July after a tumultuous drop in digital currency prices left it unable to redeem withdrawals from its customers.www.cnbc.com/2022/09/27/bankrupt-crypto-lender …The New Jersey-based crypto firm filed for chapter 11 bankruptcy in July as crypto prices plummeted–creating a bank run that forced Voyager to halt withdrawals. Following the liquidity crunch, Voyager sought the court's permission to honor customer withdrawal requests for cash funds held in custody at the MCB.decrypt.co/106791/voyager-digital-approved-return …
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