Voyager Digital Asks Court to Allow Withdrawals Request

Embattled crypto brokerage firm Voyager Digital recently sought permission to process user withdrawals from the Federal Bankruptcy Court.

According to a recent court filing, Voyager is requesting a permit from the court to approve users’ withdrawal requests. The amount is in excess of $350 million. The funds are in a For Benefit of Customers (FBO) account with New York’s Metropolitan Commercial Bank.
The firm is trailing this line to lessen customers’ worry and restore investors’ confidence. According to the firm, “failure to honour customer withdrawals any longer could materially harm customer morale.”
Recall that, on July 4, Voyager Digital halted withdrawals on …

Be the first to comment

Leave a Reply

Your email address will not be published.