July 8, 2022, 12:25PM EDT
• 7 min read

Voyager Digital: A Breakdown of their Chapter 11 Filing

Quick Take

  • Digital asset lender Voyager Digital (VOYG-CA) suffering from liquidity constraints and continued cascading liquidations triggered during May-22’s Luna/UST collapse
  • Filed for Chapter 11 bankruptcy protection on July 5, 2022
  • Financial turmoil follows a two year bull period between 2020 – 2022 where Voyager saw users balloon from 120,000 to +3.5mm
  • Latest firm in the digital asset ecosystem to face fallout from declining token prices

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