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Voyager Digital to sell assets in auction after insolvency

Nishit Jogi by Nishit Jogi
September 8, 2022
in News
Reading Time: 1 min read
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Home » News » Voyager Digital to sell assets in auction after insolvency

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Voyager Digital, a cryptocurrency brokerage service provider, on Tuesday declared in a court filing that it would sell its remaining assets in the auction to prospective buyers. According to the filing, the auction is set to happen on September 13 at 10:00 AM ET in New York. Voyager Digital filed for bankruptcy in July this year after it faced huge losses from exposure to the defaulting of Three Arrows Capital (3AC). 3AC defaulted on multiple loans which included $650 million from Voyager. The auction has come into effect as Voyager might have received buyout offers from many buyers.

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