{"id":120664,"date":"2023-07-11T05:23:00","date_gmt":"2023-07-11T05:23:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/bankrupt-crypto-lender-voyager-digital-shrinks-portfolio-by-nearly-40-crypto-news\/"},"modified":"2023-07-11T05:23:02","modified_gmt":"2023-07-11T05:23:02","slug":"bankrupt-crypto-lender-voyager-digital-shrinks-portfolio-by-nearly-40-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bankrupt-crypto-lender-voyager-digital-shrinks-portfolio-by-nearly-40-crypto-news\/","title":{"rendered":"Bankrupt Crypto Lender Voyager Digital Shrinks Portfolio by Nearly 40%\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bankrupt crypto lender \u2013 Voyager \u2013 is slowly working towards making customers whole.<\/p>\n<p>Voyager held nearly $413 million in multiple crypto-assets at one point.  However, since enabling withdrawals to users on June 23rd, it has recorded a steady stream of outflow totaling $250 million worth of crypto assets.  As a result, Voyager&#8217;s crypto portfolio has shrunk by 39.46%.<\/p>\n<ul>\n<li>according to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dune.com\/21co\/potential-contagion?Voyager+Interval_ee9bc0=weekly\" data-wpel-link=\"external\">date<\/a> Compiled by Dune Analytics, Voyager currently holds $176.38 million worth of crypto.  This includes $69.02 million in Bitcoin, $50.99 million in Ether, $18.56 million worth of USDC, $15.70 million worth of SHIB, and $2.46 million in MATIC, among others.<\/li>\n<li>The bankrupt firm has a Clean Asset Ratio of 96.15% (excluding its native token VGX) and sits at a stablecoin balance of nearly $19 million.<\/li>\n<li>The United States Bankruptcy Judge Michael Wiles <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/voyager-approved-to-start-repaying-frozen-customers-accounts\/\" data-wpel-link=\"internal\">greenlit<\/a> Voyager&#8217;s proposed liquidation plan in May this year.<\/li>\n<li>The move enabled the crypto lender to compensate about $1.33 billion in crypto assets to customers and end its efforts to reorganize under Chapter 11.<\/li>\n<li>Voyager soon announced that customers would be able to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/voyager-to-enable-customer-withdrawals-this-month\/\" data-wpel-link=\"internal\">recovered<\/a> around 36% of their cryptocurrency deposits.<\/li>\n<li>More recently, Gemini <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/gemini-allows-voyager-victims-to-claim-funds-report\/\" data-wpel-link=\"internal\">declared<\/a> that it would be allowing withdrawals for victims of the Voyager bankruptcy case.<\/li>\n<li>The firm had been crippled by the implosion of Zhu Su-led crypto hedge fund Three Arrows Capital (3AC) last year, which had earlier defaulted on a $665 million Voyager loan.<\/li>\n<li>It later suffered two failed recovery deals from FTX and Binance.<\/li>\n<\/ul>\n<div class=\"code-block code-block-12\" style=\"margin: 8px 0; clear: both;\">\n<div><center><span style=\"font-size:11px; color: gray;\">SPECIAL OFFER (Sponsored)<\/span><\/center><br \/>\n<b>Binance Free $100 (Exclusive): <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/binancebanner\" data-wpel-link=\"internal\">Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> ,<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/buy-bitcoin-5-easy-steps\/\" data-wpel-link=\"internal\">terms<\/a>,<\/p>\n<p><b>PrimeXBT Special Offer: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cryptopotato.com\/pl\/primexbt2\" data-wpel-link=\"internal\">Use this link<\/a> to register &#038; enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.<\/b><\/p>\n<\/div>\n<\/div>\n<p><!-- AI CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bankrupt crypto lender \u2013 Voyager \u2013 is slowly working towards making customers whole. Voyager held nearly $413 million in multiple crypto-assets at one point. However, since enabling withdrawals to users on June 23rd, it has recorded a steady stream of outflow totaling $250 million worth of crypto assets. As a result, Voyager&#8217;s crypto portfolio has [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-120664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120664","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=120664"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120664\/revisions"}],"predecessor-version":[{"id":120665,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120664\/revisions\/120665"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/24459"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=120664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=120664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=120664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}