{"id":23355,"date":"2022-07-02T16:44:46","date_gmt":"2022-07-02T16:44:46","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=23355"},"modified":"2022-07-02T16:44:47","modified_gmt":"2022-07-02T16:44:47","slug":"who-had-voyager-digital-next-in-the-defi-dead-pool","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2022\/07\/02\/who-had-voyager-digital-next-in-the-defi-dead-pool\/","title":{"rendered":"Who had Voyager Digital next in the DeFi dead pool?"},"content":{"rendered":"<p>Another by Amy and me, and it&#8217;s over on Amy&#8217;s blog. [<a href=\"https:\/\/amycastor.com\/2022\/07\/02\/who-had-voyager-digital-next-in-the-defi-dead-pool\/\"><em>Amy Castor<\/em><\/a>]<\/p>\n<ul>\n<li><em>Become a patron and support our work \u2014\u00a0Amy\u2019s Patreon is <a href=\"https:\/\/www.patreon.com\/amycastor\">here<\/a>; David\u2019s is <a href=\"https:\/\/www.patreon.com\/davidgerard\/overview\">here<\/a>. <\/em><\/li>\n<\/ul>\n<p>In our <a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2022\/06\/30\/crypto-collapse-latest-the-defi-dead-and-dying-list\/\">last episode,<\/a> Voyager Digital was looking shaky. Voyager had a massive hole in its balance sheet, courtesy of Three Arrows Capital (3AC), which had imploded. Voyager had maxed out its line of credit from Alameda for the month \u2014 it could only withdraw $75 million in credit for each 30-day rolling period.<\/p>\n<p>On Friday, July 1, Voyager announced it was \u201ctemporarily suspending trading, deposits, withdrawals and loyalty rewards.\u201d [<a href=\"https:\/\/www.investvoyager.com\/pressreleases\/voyager-digital-provides-market-update-2\"><em>Voyager<\/em><\/a>,<a href=\"https:\/\/archive.ph\/wip\/jWlg4\"><em> archive<\/em><\/a>; <a href=\"https:\/\/www.wsj.com\/articles\/crypto-broker-voyager-digital-suspends-withdrawals-11656705822?mod=hp_lista_pos4\"><em>WSJ<\/em><\/a>]<\/p>\n<p>How screwed is Voyager? Three-quarters of their assets \u2014 about $600 to $700 million in BTC and USDC owed by 3AC \u2014 are missing. [<a href=\"https:\/\/www.newswire.ca\/news-releases\/voyager-digital-provides-market-update-851734302.html\"><em>Press release<\/em><\/a>; <a href=\"https:\/\/finance.yahoo.com\/news\/voyager-digital-provides-market-184400883.html%20Includes%20numbers%20on%20how%20screwed%20Voyager%20is\"><em>Yahoo Finance<\/em><\/a>]<\/p>\n<p>How screwed are Voyager\u2019s customers? \u201cYour debit card will stop working \u2026 exploring strategic alternatives,\u201d the crypto broker said. \u201cWe are in discussions with various parties regarding additional liquidity and the go-forward strategy for the company.\u201d [<a href=\"https:\/\/www.investvoyager.com\/blog\/voyager-update-july-1-2022\/\"><em>Voyager blog<\/em><\/a><em>, <\/em><a href=\"https:\/\/archive.ph\/SwpUG\"><em>archive<\/em>]<\/a><\/p>\n<p>Whoever had Voyager Digital next in the DeFi dead pool: you may now claim your 100 trillion luna.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/davidgerard.co.uk\/blockchain\/2022\/07\/02\/who-had-voyager-digital-next-in-the-defi-dead-pool\/this-is-fdic-insured\/\" rel=\"attachment wp-att-23356\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23356\" src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/07\/this-is-fdic-insured.png\" alt=\"\" width=\"340\" height=\"210\" srcset=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/07\/this-is-fdic-insured.png 680w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/07\/this-is-fdic-insured-300x185.png 300w, https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/07\/this-is-fdic-insured-348x215.png 348w\" sizes=\"auto, (max-width: 340px) 100vw, 340px\" \/><\/a><\/p>\n<br><br><div align=\"center\"><p><a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\"><img src=\"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2021\/10\/become_a_patron_button.svg\" alt=\"Become a Patron!\" title=\"Become a Patron!\" width=217 height=51><\/a><br><p style=\"align:center;\" class=\"patreon-badge\"><i>Your subscriptions keep this site going. <a href=\"https:\/\/www.patreon.com\/bePatron?u=8420236\">Sign up today!<\/a><\/i><\/p><\/div>","protected":false},"excerpt":{"rendered":"<p>If you had dollars with Voyager, assume they&#8217;re gone, like your crypto.<\/p>\n","protected":false},"author":1,"featured_media":23356,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[460,1552,2697],"class_list":["post-23355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-amy-castor","tag-defi","tag-voyager-digital"],"jetpack_featured_media_url":"https:\/\/davidgerard.co.uk\/blockchain\/wp-content\/uploads\/2022\/07\/this-is-fdic-insured.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/23355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/comments?post=23355"}],"version-history":[{"count":3,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/23355\/revisions"}],"predecessor-version":[{"id":23359,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/posts\/23355\/revisions\/23359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media\/23356"}],"wp:attachment":[{"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/media?parent=23355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/categories?post=23355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/davidgerard.co.uk\/blockchain\/wp-json\/wp\/v2\/tags?post=23355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}