TastingTraffic Social® · @InternationalTechNews
16 followers · 736 posts · Server tastingtraffic.net
#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
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#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
DavidV.TV Social ® · @DavidVTV
86 followers · 13753 posts · Server masthead.social
#BIG_TECH | #INTERNATONAL_TECH_NEWS
#Voyager_Digital has filed for #BANKRUPTCY. The company had already #suspended_trading and #withdrawals for customers. Exposure to failed #crypto_hedge_fund
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 ..
https://www.protocol.com/bulletins/voyager-digital-files-bankruptcy
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#loan #Chapter_11 #crypto_hedge_fund #Withdrawals #suspended_trading #bankruptcy #Voyager_Digital #INTERNATONAL_TECH_NEWS #big_tech
DavidV.TV Social ® · @DavidVTV
86 followers · 13753 posts · Server masthead.social
One of the Most Prominent #Crypto #HEDGE_FUND just #DEFAULTED on a $670 MILLION #LOAN
Prominent crypto hedge fund #THREE_ARROWS_CAPITOL has defaulted on a loan worth more than $670 million.
Digital asset brokerage #Voyager_Digital issued a NOTICE on Monday morning, stating that the #fund_failed to #REPAY a loan of $350 million in the U.S. #dollar-pegged...
https://www.cnbc.com/2022/06/27/three-arrows-capital-crypto-hedge-fund-defaults-on-voyager-loan.html
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#dollar #REPAY #fund_failed #Voyager_Digital #THREE_ARROWS_CAPITOL #loan #defaulted #Hedge_Fund #crypto #INTERNATIONAL_TECH_NEWS