Stephen ehrlich - Latest News Update, Information, Photos & Videos on Stephen ehrlich at Lokmat Times

San Francisco, July 3 Cryptocurrency broker Voyager Digital (VYGVF) has suspended all trading, deposits withdrawals and loyalty rewards, as top crypto hedge fund Three Arrows Capital (3AC) filed for bankruptcy in the US, in which Voyager has made significant investments.Voyager disclosed in a statement that it had significant investments in 3AC, and the Singapore-based hedge fund failed to make payments on its loan of 15,250 BTC ($294 million) and $350 million USDC."This was a tremendously difficult decision, but we believe it is the right one given current market conditions," said Stephen Ehrlich, CEO, Voyager."This decision gives us additional time to continue exploring strategic alternatives with various interested parties while preserving the value of the Voyager platform we have built together. We will provide additional information at the appropriate time," he added.Shares of Voyager plunged more than 26 per cent.Voyager said it is actively pursuing all available remedies for recovery from 3AC, including through the court-ordered liquidation process in the British Virgin Islands.The development comes as popular crypto tokens such as Bitcoin and Ethereum nosedived by nearly 70 per cent from their record highs amid the economic meltdown.The Monetary Authority of Singapore last week slammed Three Arrows for providing false information and breaching an asset under management threshold.The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies, once managed an estimated $10 billion in assets.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Stephen EhrlichFOLLOW

Stephen ehrlich, Latest News

Business :Crypto firm Voyager's CFO resigns months after company filed bankruptcy

The Chief Financial Officer (CFO) of US-based crypto platform Voyager Digital, Ashwin Prithipaul, has decided to resign from his post months after his appointment. ...

Technology :Crypto investors sue Shark Tank icon Mark Cuban over 'Ponzi scheme'

San Francisco/New Delhi, Aug 12 A group of crypto investors has filed a class-action lawsuit against billionaire investor ... ...

Business :US-based crypto firm Voyager Digital files for bankruptcy

In another major setback to the crypto industry, the US-based crypto broker and lender Voyager Digital on Tuesday filed for the bankruptcy process. ...

International :Now top crypto broker Voyager Digital files for bankruptcy

San Francisco, July 6 Top cryptocurrency broker Voyager Digital on Wednesday filed for bankruptcy in the US, after ... ...

International :Crypto broker Voyager suspends all trading, withdrawals, deposits

San Francisco, July 3 Cryptocurrency broker Voyager Digital (VYGVF) has suspended all trading, deposits withdrawals and loyalty rewards, ... ...