Voyager Digital Has Filed for Chapter 11 Bankruptcy Protection

Voyager Digital has filed for Chapter 11 bankruptcy protection. It is estimated to have more than 100,000 creditors and about $1 billion to $10 billion in assets, and it has recorded the same range of liabilities. The company argues that "funds will be available for distribution to unsecured creditors." Voyager Digital also states in its blog post that it has $110 million in cash, $350 million in Metropolitan, $1.3 billion in crypto and was owed $650 million from Three Arrows Capital.