• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Write For Buzzle
  • Contact
  • About
  • Crypto Prices
Buzzle

Buzzle

  • Alt Coins
  • Bitcoin
  • Blockchain
  • Crypto Buzz
  • Crypto Markets
  • Ethereum
  • Opinion
  • People
  • Social Change

Voyager Crypto News

December 28, 2023 by Buzzle Staff

Voyager was known to attract consumers with promises that their cash and cryptocurrency assets were safe on its platform, including ongoing salary deposits, college tuition funds and down payments on homes – according to its bankruptcy filing.

Voyager plans to repay customers who held cryptocurrency deposits in their accounts with similar cryptocurrency types; except deposits involving unsupported cryptocurrencies and their proprietary VGX token, in which case customers will be reimbursed according to this plan.

News

Voyager’s bankruptcy filing and subsequent efforts to return assets has drawn international interest. The case of drama showcases how unexpected turns and turns exist within the cryptocurrency marketplace.

Voyager was hit hard by a dramatic decline in crypto prices that left several hedge funds and digital asset exchanges with excess exposure, leading to defaults and widespread contagion – leading to mounting losses that eventually forced Voyager into filing for bankruptcy protection in July 2022.

Customers of Voyager have been demanding their money back during a town hall held on YouTube livestream, with many demanding their return and believing Voyager had defrauded them of millions in crypto and cash assets. A lawyer from the unsecured creditors committee denied this accusation while sending proof-of-claim forms out to all Voyager customers to inform them what they owe both in terms of crypto and cash assets.

Trading

The Voyager app provides a user-friendly platform that enables crypto traders, investors and holders to trade, invest and store their crypto. Key features of the Voyager app include its charting tool which displays price movements over time as well as news feed and basic coin data for every coin it supports on both Android and iOS platforms. It supports most major coins and exchanges.

Voyager’s story continues with its bankruptcy proceedings and efforts to repay customers. Hage has stated that Voyager plans on seeking recovery from Three Arrows Capital (3AC), before eventually dispersing cryptocurrency tokens among creditors.

DigitalCoin’s team is currently applying for a BitLicense to operate in New York and plans on introducing an international version by later this year. Furthermore, its mobile trading application for its VGX token will soon launch; currently priced at $0.39 with projections that it could reach up to $1.14 by 2025.

Wallet integration

Voyager currently integrates wallet integration through a partnership with Ethos; however, in the near future it aims to build its own solution. Users can easily track their cryptocurrencies in real time and trade them easily around the clock; additionally it features weekly market analyses as well as news feeds that can be organized by asset.

Voyager Digital, a former crypto lender that recently filed for bankruptcy protection, recently reopened for 30 days this month to allow customers to withdraw their cryptocurrency holdings. Unfortunately, however, the company received reports of scams targeting its creditors; therefore the wind-down debtor retained professionals with expertise to investigate.

Voyager will allow its customers to transfer any stuck crypto assets stored on its app into Exodus, an established and secure self-custody wallet. While recovery could occur in part, due to funds becoming mixed among various assets commingled together, this feature will become available later this month.

Security

Voyager Crypto has taken various steps to safeguard their customers’ assets. These measures include using an encrypted system and FDIC insured bank for deposits held. In addition, Voyager offers its customers several payment options that offer flexibility.

Voyager Digital clients were relieved when FTX Trading agreed to purchase its distressed assets at a price which promised creditors they could recoup 72% of any lost funds owed them from Voyager Digital. Unfortunately, that plan fell through when FTX itself filed for bankruptcy protection on November 5, leaving Voyager looking for another buyer.

Binance US could be an attractive candidate as an investor-return provider; however, federal regulators have previously used national security concerns as a justification to limit Chinese investment here; should it bid again it may face CFIUS scrutiny; furthermore, Binance’s bankruptcy highlights how volatile and risky crypto markets can be.

Filed Under: Crypto Buzz

About Buzzle Staff

Further Insights

Drip Crypto – How Tokenomics Work
August 12, 2024
Lucky Block Crypto Review
August 11, 2024
Amazon Crypto – Is It For Real?
August 10, 2024

Primary Sidebar

Email Signup

Insights Updates

Get All the Crypto and Blockchain News You (Actually) Want to Hear

bitcoin

Bitcoin (BTC)

$ 102,822.00
ethereum

Ethereum (ETH)

$ 2,309.56
dogecoin

Dogecoin (DOGE)

$ 0.203647
stellar

Stellar (XLM)

$ 0.295400
helium

Helium (HNT)

$ 4.09

Crypto Casinos

Crypto Casinos

Footer

Buzzle provides news, updates, education, and general information about blockchain technology and cryptocurrencies, with a focus on making this revolutionary social, financial, and technological phenomenon easy for everyone to learn about and understand.

  • Sitemap
  • About Buzzle

    • Home
    • Write For Buzzle
    • Contact
    • About
    • Crypto Prices

    Crypto Insights

    Insights Updates Footer

    The latest crypto news, delivered to your inbox.

    Copyright © 2025 · Buzzle LLC · Privacy