Voyager Digital
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
Voyager operated a mobile cryptocurrency brokerage and lending platform for retail investors.
02 / Voyager Digital FAILURE REASONS
Failure reasons
Management attributed the 2022 restructuring to cryptocurrency-market volatility and contagion, together with Three Arrows Capital’s loan default. Subsequent sales to FTX and Binance.US failed, and a liquidation plan replaced the attempted reorganization.
03 / EVENT HISTORY
Events in the structured record
- Asset restructuring
On 5 July the company began restructuring after a major borrower default; trading and withdrawals were suspended.
- Liquidation plan approved
On 17 May the court approved liquidation following failed FTX and Binance.US sale attempts.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Crypto-market contagion and borrower default
- 02
Restructuring sought
- 03
Two sale attempts failed
- 04
Liquidation approved