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Crypto Hedge Fund Voyager Digital Files for Chapter 11 Restructuring
The bankrupt lenders rewards program was apparently run at a loss to the company almost every month of its operation. Just weeks after filing for bankruptcy, crypto hedge fund three arrows capital sent lender Voyager digital a one page net asset value or nav statement. All told, just a single due diligence call was conducted between the two firms. And that's pretty astonishing given that Voyager, which itself filed for bankruptcy in July of 2022, reported a $654 million loan to three arrows capital That document dated May 13th of 2022 presented three arrows capitals net assets as just under $2.4 billion. So bad decisions all around. But what about those who still have funds stuck inside? 97% of its customers representing
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