PROPHECY COMING TO PASS GOD SAID THE CRYTO PLATFORMS SOME WOULD BE GONE WOW !!!
Voyager Disembarks In U.S. Bankruptcy Court
Mortally wounded by Three Arrows Capital, Voyager yesterday filed for bankruptcy. Three Arrows went belly up last week. The well-known crypto fund suffered significant losses connected with the recent crypto crash; Voyager suffered losses from its exposure to the well-known crypto fund.
Voyager’s largest creditor is Sam Bankman-Fried’s Alameda Research which has an unsecured claim of $75 million (CNBC).
Last month, Alameda, embracing the role of lender of last resort, extended Voyager a $500 million line of credit in an apparently futile effort to stave off insolvency.
Several platforms, including Celsius, Babel Finance and Vauld, share the same dire predicament – inundated by customers seeking withdrawals – and as a result they have had to halt activity whilst scrambling for lifelines.
Meanwhile, confounding macroeconomic forces continue to create concerns. Copper recently plunging to its lowest mark in 17 months – not exactly the worst news from an inflation-minded perspective – is nevertheless being taken as a deafening alarm bell warning of a global recession