Inactive Instrument

Voyager Digital Ltd. Toronto S.E.

VOYG

CA92919V4055

Cryptocurrency Platform Voyager Digital Temporarily Suspends Trading, Other Functions

July 01, 2022 at 03:30 pm

By Denny Jacob

Voyager Digital LLC, the operating platform of Toronto-listed Voyager Digital Ltd., said Friday it is temporarily suspending trading, deposits, withdrawals and loyalty rewards, effective 2 p.m. EDT.

Chief Executive Stephen Ehrlich said in prepared remarks that the difficult decision will give the cryptocurrency company time to continue exploring strategic alternatives with various interested parties.

The news comes days after the crypto broker said that it issued a notice of default to hedge fund Three Arrows Capital Ltd. Three Arrows had borrowed $675 million from Voyager Digital in the form of 15,250 bitcoin and $350 million in USD Coin, a stablecoin whose value is pegged to the dollar.

Voyager said it is actively pursuing all available remedies for recovery. A British Virgin Islands court on Wednesday ordered the liquidation of Three Arrows Capital Ltd. after creditors sued for failure to repay debts.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

07-01-22 1529ET

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BITCOIN (BTC/USD)	57,170 USD	+2.33%	-10.88%	-
BITCOIN (BTC/EUR)	52,652 EUR	+2.04%	-11.65%	-
BRITISH POUND / US DOLLAR	1.284 USD	+0.26%	+1.53%	-
EURO / US DOLLAR	1.084 USD	+0.17%	+0.98%	-
USD COIN (USDC/USD)	1 USD	+0.00%	0.00%	-
CANADIAN DOLLAR / US DOLLAR	0.7337 USD	+0.10%	+0.81%	-
NEW ZEALAND DOLLAR / US DOLLAR	0.614 USD	-0.01%	+1.24%	-
INDIAN RUPEE / US DOLLAR	0.012 USD	+0.05%	0.00%	-

Latest news about Voyager Digital Ltd.

U.S. Government Appeals Decision Approving Binance.US Purchase of Voyager Accounts	23-03-10	DJ
Reorganization Plan Approved for Voyager Digital Holdings, Inc.	23-03-09	CI
Second Motion for Exclusivity Period Extension Approved For Voyager Digital Holdings, Inc.	23-01-23	CI
China's awakening on cryptos? - Crypto Recap	23-01-13
Combined Hearing for Disclosure Statement and Plan Conditionally Approved for Voyager Digital Holdings, Inc.	23-01-12	CI
Trending : Binance.US Agrees to Buy Voyager Digital Assets	22-12-19	DJ
Binance.US Agrees to Buy Voyager Assets	22-12-19	MT
Notice of Successful Bidder Filed by Voyager Digital Holdings, Inc.	22-12-19	CI
Third Amended Reorganization Plan and Second Amended Disclosure Statement Filed by Voyager Digital Holdings, Inc.	22-12-12	CI
The INX Digital Company, Inc. signed a non-binding Letter of Intent to acquire Assets of Voyager Digital Ltd. on November 30, 2022.	22-11-29	CI
Binance Reportedly to Relaunch Bid to Buy Voyager Digital	22-11-17	CI
First Motion for Exclusivity Period Extension Approved For Voyager Digital Holdings, Inc.	22-11-14	CI
First Motion for Exclusivity Period Extension Filed by Voyager Digital Holdings, Inc.	22-11-01	CI
Voyager Digital Ltd.’s Equity Buyback announced on October 29, 2021 has expired.	22-10-31	CI
Third Modified First Amended Disclosure Statement Approved for Voyager Digital Holdings, Inc.	22-10-21	CI
CrossTower Remains Interested in Acquiring Voyager Digital Assets, Lawyer Says	22-10-19	DJ
Second Amended Reorganization Plan and first Amended Disclosure Statement Filed by Voyager Digital Holdings, Inc.	22-10-05	CI
FTX Wins Bid for Bankrupt Crypto Firm Voyager	22-09-26	DJ
Voyager Digital Ltd. Announces Chief Financial Officer Changes	22-09-23	CI
Amended Bidding Procedures Filed by Voyager Digital Holdings, Inc.	22-08-22	CI
Ascension ApS agreed to acquire Coinify ApS from Voyager Digital Ltd. (OTCPK:VYGV.Q) for $2 million.	22-08-16	CI
Motion for Asset Sale Approved for Voyager Digital Holdings, Inc.	22-08-16	CI
First Amended Reorganization Plan and Disclosure Statement Filed by Voyager Digital Holdings, Inc.	22-08-12	CI
Bidding Procedure Approved for Voyager Digital Holdings, Inc.	22-08-05	CI
Motion for Asset Sale Filed by Voyager Digital Holdings, Inc.	22-07-21	CI

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Company Profile

Voyager Digital Ltd is a United States-based company. The Company through its United States operating subsidiaries, operates as a crypto asset broker. It provides retail and institutional customers with access to its digital platform which enables users to buy and sell crypto assets in one account across multiple centralized marketplaces. It offers customers trade execution, market data, wallet, and custody services. Through its subsidiary Coinify ApS, the Company provides crypto payment solutions for both consumers and merchants around the globe. The Company's subsidiaries include LGO SAS, LGO Europe SAS, Voyager Digital Brokerage Ltd, HTC Trading, Inc, Voyager Digital Holdings, Inc., Voyager IP, LLC, Voyager European Holdings ApS, Coinify Financial Services ApS, Coinify Technologies ApS, Coinify Global Solutions, Inc. and Coinify Payments OU.

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Blockchain & Cryptocurrency

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