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Chapter 11 Bankruptcy

Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts

Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in AccountsFollowing the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash via an automated clearing house (ACH) transfer. […]

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Bankrupt Crypto Firm Voyager Digital Approved to Release $270 Million in Cash Deposits

Bankrupt Crypto Firm Voyager Digital Approved to Release 0 Million in Cash DepositsThe now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege Voyager is FDIC insured. The U.S. Bankruptcy Court in […]

Did Bitcoin Runes already peak?

Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters

Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ FaltersDuring the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S. dollar. On July 13, just before the lending company filed for Chapter 11 bankruptcy, CEL was exchanging hands for $0.961 per unit. Following the news that the company filed for bankruptcy protection, the native crypto […]

Did Bitcoin Runes already peak?