Voyager Digital files for bankruptcy

It’s been a domino of bankruptcies on the market recently. Following the fall of crypto hedge fund Three Arrows Capital, the US crypto lender Voyager Digital files for chapter 11 bankruptcy protection.

The broker set the filing in motion on Tuesday, not long after Three Arrows Capital defaulted on a loan that was provided by Voyager Digital and also filed for bankruptcy. All withdrawals and trading operations were halted a week earlier. 

Voyager's platform was built to empower investors by providing access to crypto asset trading with simplicity, speed, liquidity, and transparency. While I strongly believe in this future, the prolonged volatility and contagion in the crypto markets over the past few months, and the default of Three Arrows Capital (“3AC”) on a loan from the Company's subsidiary, Voyager Digital, LLC, require us to take deliberate and decisive action now. The chapter 11 process provides an efficient and equitable mechanism to maximize recovery.

said Stephen Ehrlich, the chief executive of Voyager.

Source: Voyager Digital Bankruptcy Filing Court Document

Source: Voyager Digital Bankruptcy Filing Court Document

The Chapter 11 filing grants businesses protection from creditors that allows them to further seek alternative strategies and remain operational. In its court document, Voyager Digital stated that it possesses crypto assets worth $1.3 billion on its platform.  

Voyager Digital is a US crypto platform that has been operating since 2018. It offered broking services and allowed clients to trade over 100 crypto assets, whilst also having the option to borrow digital assets in exchange for 12% yields and further lending them. 

But the interesting part doesn’t end there, as the filing shows that Alameda Research was Voyager’s biggest creditor at $75 million loans. Alameda Research belongs to Sam Bankman-Fried, the crypto billionaire and CEO of FTX. Bankman-Fried’s company, as stated in the document, is the second-largest Voyager Digital borrower with an outstanding amount of $377 million. In comparison, Three Arrows Capital owes the crypto broker company $654 million. 

In turn, Alameda Research has tweeted that it would be glad to return the loan in the future. 

Source: https://twitter.com/AlamedaResearch

Source: https://twitter.com/AlamedaResearch

The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.

Articles by this author
Uber Expands AI Ambitions with Global Data-Labeling Platform

Uber Expands AI Ambitions with Global Data-Labeling Platform

With major tech firms rethinking their data partnerships, Uber moves fast to fill the gap in enterprise AI training data.

Eric Hash
TikTok Denies $300M Trump Memecoin Purchase by Its Chinese Owners

TikTok Denies $300M Trump Memecoin Purchase by Its Chinese Owners

TikTok rejects allegations that ByteDance purchased $300M worth of Trump memecoins, responding to bribery accusations from a U.S. Congressman.

Dmytro Psevdonimenko
Fake Aave Ads on Google Search Fuel Phishing Scams

Fake Aave Ads on Google Search Fuel Phishing Scams

On June 20, 2025, Scam Sniffer flagged fake Aave ads in Google search that lead victims to phishing sites copying the Aave UI and draining funds.

Walker Stevenson
a16z Crypto Dominates Weekly Crypto Funding with $81 million in Deals

a16z Crypto Dominates Weekly Crypto Funding with $81 million in Deals

Crypto funding hit $144 million this week – and a16z Crypto was at the center, investing $81 million in key deals in emerging blockchain technology.

Eric Hash
From Haters to Hodlers: 5 Billionaires Who Converted to Bitcoin

From Haters to Hodlers: 5 Billionaires Who Converted to Bitcoin

Some billionaires once dismissed Bitcoin as unreliable and pointless. Years later, they changed their minds, started investing, and now see crypto as a key part of the future financial system.

Daryna Nesterenko
From Politics to Protocols: Decoding Eric Trump’s Unexpected Crypto Headlines

From Politics to Protocols: Decoding Eric Trump’s Unexpected Crypto Headlines

Politics continues to move into crypto, and Eric Trump’s involvement sparks debate. What drives his interest?

Daryna Nesterenko
Who Is Tomasz Stańczak? Inside the New Leadership of the Ethereum Foundation

Who Is Tomasz Stańczak? Inside the New Leadership of the Ethereum Foundation

Tomasz Stańczak is one of the co-executive directors at the Ethereum Foundation, contributing to strategic planning and operational oversight to support Ethereum’s long-term growth.

Anahit Avetisyan

Might Be Interesting

No posts found.

Crypto and the Fed: What the Interest Rate Decision Means

Crypto and the Fed: What the Interest Rate Decision Means

Tonight, the Federal Reserve will announce its decision on the interest rate. We explain how this impacts the economy, cryptocurrencies, and why everyone is watching closely.

Iaroslava Kramarenko
While Altcoins Bleed, WhiteBIT Coin (WBT) Surges to a New ATH

While Altcoins Bleed, WhiteBIT Coin (WBT) Surges to a New ATH

WBT climbed to $50 and set a new ATH while most altcoins remain under pressure. The token’s performance reflects strong tokenomics, a long-term strategy, utility, and brand power.

Anton Kryshtal
MORE
Crypto Spam Attacks: How to Save Your Deposit and Your Nerves

Crypto Spam Attacks: How to Save Your Deposit and Your Nerves

Unexpected airdrops, shady tokens in your wallet, pushy Discord messages, and weird invites to NFT projects—let’s learn how to stay afloat in a stream of digital noise.

Iaroslava Kramarenko
Why Crypto Trading Isn’t Gambling (Even If It Feels That Way Sometimes)

Why Crypto Trading Isn’t Gambling (Even If It Feels That Way Sometimes)

Is crypto trading just digital gambling? At first glance, the line seems thin. But they’re worlds apart: one relies on analysis and strategy, the other on luck and addiction.

Iaroslava Kramarenko
MORE