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Crypto lender Voyager Digital suspends withdrawals, deposits

Channel News Asia LogoChannel News Asia1 mo ago

Crypto lender Voyager Digital suspends withdrawals, deposits

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Crypto lender Voyager Digital said on Friday it has suspended withdrawals, trading and deposits to its platform and said it is exploring strategic alternatives to preserve the value of its platform.

Voyager said it had lent $350 million and 15,250 bitcoins to 3AC.

Bitcoin, the largest and most well-known cryptocurrency, is down 58 per cent in the first six months of 2022, its worst first half of year showing ever.Pressed for time?


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Article Details

Category: Economy

Topics: 2022 Crypto Withdrawals Voyager Platform Move Value Strategic Alternatives Company Mediacorp

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 04:11:57

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 3 minutes read

Article Length: 429 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 25969

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 61 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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