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The Guardian - UK

Technology

Dan Milmo Global technology editor

Cryptocurrency broker Voyager Digital files for bankruptcy protection

Voyager Voyager Digital Crypto Cryptocurrency Stephen Ehrlich Three Arrows Capital United States Bitcoin

Stephen Ehrlich with microphone speaking at an event. — Stephen Ehrlich, the Voyager Digital chief executive, said the firm was taking ‘decisive action’. Photograph: Joe Raedle/Getty Images

A US cryptocurrency broker and lender has filed for bankruptcy protection, becoming the latest domino to fall in the embattled digital asset market.

Voyager Digital had suspended all withdrawals and trading last week but said “volatility and contagion” in the crypto markets had forced it into a Chapter 11 filing, which shields a business from creditors while it explores strategic alternatives.

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