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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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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Official Website: channelnewsasia.com

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