Shiba Inu takes the spotlight as Voyager Digital, the troubled crypto lender, initiates a selling frenzy on Coinbase over the past four days. The consequences of this calculated move hold broad significance, especially for a specific cryptocurrency that stands at the core of this divestiture. The data, meticulously curated by Lookonchain, paints a vivid picture […]
Voyager Digital
Voyager Digital Restores Fund Withdrawals: Over $250M Pulled Out
Crypto lending platform Voyager Digital restarted fund withdrawals after almost a year of suspension as investors and creditors rushed to take in more than $250 million in three weeks. Since filing for Chapter 11 bankruptcy, the firm said on June 23 that withdrawals would resume, allaying users’ fears. Due to the turbulence in the cryptocurrency […]
Voyager’s legal fees soar, creditors pay a hefty score
Voyager Digital was scheduled to pay Kirkland & Ellis, its legal advisor, a sum of $1.1 million for services rendered during the bankruptcy proceedings in April. According to records, the law firm utilized a combined hourly rate of $1,313.18 for all the services provided during that month. The total fees amounted to over $1.4 million, […]
FTX Wins Auction for Voyager Digital’s Assets
FTX and Binance were pursuing the purchase of Voyager. In July, FTX submitted a proposal for Voyager, which was turned down as a “low-ball offer.” Early in July, Voyager stopped allowing consumers to withdraw their money as cryptocurrency values fell. Then, as creditors of the firm in bankruptcy court, its clients were compelled to line […]