The Collapse of Voyager Digital: Bankruptcy, Failed Bailouts, and the FTX Connection
pplpod por pplpod
E2519
32:50
In this episode of pplpod, we dive into the turbulent timeline of cryptocurrency brokerage Voyager Digital. Founded in 2018, the firm’s fortunes unraveled in June 2022 when Three Arrows Capital failed to repay loans totaling $666 million.
Join us as we break down the key events of Voyager’s downfall:
• The Freeze: How the company suspended trading and withdrawals before filing for Chapter 11 bankruptcy in July 2022.
• Regulatory Action: The joint order from the Federal Reserve and FDIC demanding the company cease making false statements regarding banking insurance.
• The Bidding War: The chaotic auction process where FTX initially won with a bid of nearly $50 million, only for the deal to collapse when FTX filed for bankruptcy in November 2022.
• The Binance ...