Days after it suspended trading, deposits, and withdrawals on its platform, cryptocurrency lending platform Voyager Digital LLC (OTC:VYGVF) filed for Chapter 11 bankruptcy protection in New York, according to its court filing.
What Happened: As per the petition filed by Voyager, the company has over $110 million in cash and owned cryptocurrency assets on hand, which will provide liquidity to support day-to-day operations during the Chapter 11 process, in addition to more than $350 million cash held in a customer benefit account at Metropolitan Commercial Bank.
