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Behind Voyager’s Fall: Crypto Broker Acted Like a Bank, Went Bankrupt

Markets Outlook

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Voyager's Liquidity Crisis

Voyager, in mid june, brokeer to nearly 500 million dollar loan facility with alameda. Lowering daily withdrawal limits from 25 thousand to ten thousand dollars per day was meant to stop the race to the exit and buy voyageor time. But it wasn't enough. Celseus, another crypto lending giant, was falling apart at the same time. Celsius froze customer withdrawals on June twelfth prompting voyagers clients to run for safety.

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