TastingTraffic Social® · @InternationalTechNews
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#BIG_TECH | #International_Tech_News
#Mark_Cuban, #Mavericks in #HOT_WATER over Voyager ‘#Ponzi_scheme’
A group of #Voyager_Digital customers filed a class-action suit in #Florida #federal_court against #Mark_Cuban..
Voyager, a New Jersey-based crypto firm, filed for Chapter 11 #bankruptcy in July ..
The firm is one of many that got #burned after #loaning money, in Voyager’s case worth ~$600 million, to #hedge_fund #Three_Arrows_Capital (3AC).
The #plaintiffs in the suit against #Cuban described Voyager as “an #unregulated and #unsustainable #fraud, similar to other #PONZI_SCHEMES.”
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#big_tech #INTERNATIONAL_TECH_NEWS #Mark_Cuban #Mavericks #HOT_WATER #PONZI_SCHEME #Voyager_Digital #florida #federal_court #bankruptcy #burned #loaning #hedge_fund #Three_Arrows_Capital #Plaintiffs #cuban #unregulated #unsustainable #fraud #PONZI_SCHEMES
TastingTraffic Social® · @InternationalTechNews
16 followers · 736 posts · Server tastingtraffic.net
#BIG_TECH | #International_Tech_News
#Voyager_Digital has filed for #Bankruptcy.
The company had already #suspended_trading and #withdrawals for customers.
#Exposure to #failed crypto #hedge_fund #Three_Arrows_Capital was a factor.
Crypto broker Voyager Digital has filed for bankruptcy #protection, days after suspending all trading and withdrawals on its service.
Voyager announced late Tuesday that it had filed for #Chapter_11 #bankruptcy in New York federal court.
The company said prolonged #volatility in the #crypto_markets and the default by Three Arrows Capital on a $666 million loan from Voyager *required #decisive_action.
https://www.protocol.com/bulletins/voyager-digital-files-bankruptcy
Disclaimer: https://tastingtraffic.net (Decentralized SOCIAL Network) and/or its owners [http://tastingtraffic.com]
#big_tech #INTERNATIONAL_TECH_NEWS #Voyager_Digital #bankruptcy #suspended_trading #withdrawals #Exposure #failed #hedge_fund #Three_Arrows_Capital #protection #Chapter_11 #volatility #crypto_markets #decisive_action