Voyager

Investors have brought legal action against the National Basketball Association (NBA), claiming losses of $4.2 billion tied to their partnership with the now-collapsed Voyager Digital Holdings Inc.  What Happened: The lawsuit reported by Bloomberg, initiated Tuesday in Miami, accuses the NBA...

FTX founder Sam Bankman-Fried on Friday denied defrauding investors of their funds and claimed he had genuinely thought he could build the best product on the market. Taking the stand on the second day of his ongoing trial, he was called to the stand by his lawyer Mark Cohen, and was...

Liquidators from Three Arrows Capital are intensifying their efforts to recoup approximately $1.3 billion from the company’s co-founders, Su Zhu and Kyle Davies. This figure represents the losses allegedly incurred by the duo in the lead-up to the firm's downfall, as per an anonymous...

Bankrupt crypto broker Voyager Digital (OTC: VYGVQ) will initiate the return of funds stuck on the platform to creditors next week, according to the liquidation procedures filed with the U.S. Bankruptcy Court for the Southern District of New York. The filing noted that the Voyager app will be...

The five major crypto firms that collapsed last year — FTX, Celsius, Voyager, BlockFi and Genesis — did so because they offered customers instant withdrawals while their assets were locked inside illiquid, risky investments in an attempt to generate unsustainable yields. And because...

Cryptocurrency exchange Voyager Digital (OTC: VYGVQ) is sharing its initial recovery plan with customers after filing for Chapter 11 bankruptcy. In an email sent to customers on Tuesday, the company detailed the procedures it intends to execute for the company’s Chapter 11 plan and how...

Significant components of the Voyager-Binance.US acquisition deal might be permitted to move forward even as legal appeals are being addressed, according to court documents filed Wednesday. This development arises amid growing apprehension that the buyer may withdraw from the deal. What...

A New York judge stated on Friday that the U.S. government possesses a "considerable case on the merits" in its effort to halt Binance.US's $1 billion acquisition of the assets of insolvent cryptocurrency lender Voyager. District Judge Jennifer Rearden expressed her intention to...

A United States federal judge has granted the government's request to temporarily suspend Voyager Digital Ltd.'s bankruptcy plan, pausing the proposed sale of the cryptocurrency lending company to Binance.US. U.S. District Judge Jennifer Rearden approved the government's request for a...

A bankruptcy judge has given the green light for Binance.US to acquire Voyager's assets for $1 billion. This decision was made despite the U.S. government's attempt to halt proceedings pending appeal. U.S. Attorney Damian Williams argued the deal should be altered or dismissed because...

Alameda Research, associated with FTX, filed a lawsuit on Monday against Voyager Digital Ltd (OTC: VYGVF) for the recovery of a staggering $445 million.  What Happened: Despite this news, the price of Voyager (CRYPTO: VGX) surged by a remarkable 49.2% to $0.76 on Tuesday. This came after...

Senator Elizabeth Warren (D-Mass.) has warned that the ongoing volatility in the cryptocurrency space will persist unless there are tougher regulations in place to protect investors.  What Happened: In an event hosted by the American Economic Liberties Project called...

Voyager is defending its intention to sell $1 billion worth of assets to Binance.US. The cryptocurrency lender called objections to the deal "hypocrisy and chutzpah based on unverified speculation,” according to legal documents. Alameda Research, the trading division of insolvent...

In response to the FTX collapse, Binance CEO Changpeng Zhao “CZ” said they are allocating $1 billion in ‘recovery funds’ for six months to help address the liquidity crisis faced by crypto exchanges. What Happened: In an interaction with Bloomberg, CZ alleged that his...

Binance US is reportedly preparing to relaunch a bid for bankrupt lending platform Voyager Digital Ltd (OTC: VYGVF), Coindesk reported, citing a person familiar with the plans. What Happened: Binance's bid for the U.S.-based Voyager was rejected due to national security concerns...