Voyager Latest Lender to Suspend Deposits and Withdrawals - Aliens: AI Crypto News & Markets Updates
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Voyager Latest Lender to Suspend Deposits and Withdrawals

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BeInCrypto

Sat, Jul 02, 2022

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Voyager Digital joins the growing list of crypto firms suffering liquidity issues as it announced the suspension of trading, deposits, withdrawals, and rewards.

According to the announcement , this will allow the firm some time to explore “strategic alternatives and preserve the value of the Voyager platform.” It claims to be in talks with various parties and will share new information when it is right.

Meanwhile, Voyager’s stock has dropped by over 30% while its native token VGX lost over 16% of its value in the last 24 hours.

With this decision, the company became the latest in the growing line of crypto firms facing a liquidity crunch.

In its announcement, the crypto firm said it is trying to recover 3AC’s loan by using a court process in the British Virgin Islands.

Other firms like Celsius Network , Babel Finance, and CoinFLEX have been forced to suspend withdrawals because of the current market crash.

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