2018-01-01
launched impact: medium confidence: low
Voyager begins operating
Voyager developed as a crypto brokerage and yield-linked platform offering trading and rewards-related services.
Launch date approximate.
Platform dossier
Voyager Digital
Crypto brokerage and yield/lending-related platform that suspended trading, deposits, withdrawals, and rewards in July 2022 after large exposure to Three Arrows Capital, then filed for Chapter 11 and entered a liquidation and customer recovery process.
borrow_lend_platform operations_ended counterparty_exposure confidence: medium
What happened?
Voyager disclosed major exposure to Three Arrows Capital, suspended platform activity, filed for Chapter 11, pursued sale transactions that failed after FTX and Binance.US-related complications, and moved into a wind-down and distribution process.
Customer outcome
partial_repaymentVoyager moved into a direct recovery process after proposed sale paths failed. Recovery was partial and subject to estate assets and litigation recoveries.
Estimated recovery
initial_recovery_plus_possible_future_recoveries
Repayment started
2023-06-01
Repayment completed
—
Confidence
medium
Terms risk
varies_by_productVoyager terms and customer recovery should be upgraded with direct plan and distribution documents. Current record is conservative.
Affected product
Voyager customer account balances and rewards-related balances
Confidence
medium
Voyager customer treatment depended on estate assets, account balances, recovery process, and litigation recoveries after the platform entered wind-down.
Uncertainty
Recovery details changed over time as sale efforts and litigation recoveries evolved. This seed should be upgraded with official wind-down and docket sources.
Timeline
2022-07-01
withdrawals_suspended impact: critical confidence: high
Trading, deposits, withdrawals, and rewards suspended
Voyager suspended trading, deposits, withdrawals, and loyalty rewards after stress related to exposure to Three Arrows Capital.
Core platform halt event.
2022-07-05
bankruptcy_filed impact: critical confidence: high
Chapter 11 bankruptcy filed
Voyager Digital and affiliates filed for Chapter 11 bankruptcy protection shortly after the platform suspension.
Main bankruptcy event.
2022-09-26
asset_sale_announced impact: high confidence: medium
FTX US asset purchase agreement announced
Voyager announced an asset purchase agreement with FTX US, which later failed after FTX collapsed.
Important failed restructuring path.
2022-12-19
asset_sale_announced impact: high confidence: medium
Binance.US sale agreement announced
Voyager later announced a proposed Binance.US transaction, which also did not lead to a completed customer migration.
Needs direct official source review.
2023-06-01
customer_repayment_started impact: critical confidence: medium
Initial customer recovery process begins
Voyager began an initial customer recovery process after sale paths failed and the estate moved toward direct distributions.
Recovery percentage and timing should be verified against official estate communications.
Evidence dossier
official_statement high event
Voyager market update
Voyager Digital / PR Newswire · 2022-07-01
Supports platform halt event.
bankruptcy_document high event
Voyager bankruptcy case information
Stretto
Bankruptcy case portal for Voyager.
news_article high event
Voyager bankruptcy filing coverage
Reuters · 2022-07-06
Supports Chapter 11 filing.
news_article medium event
Voyager asset sale coverage
Reuters · 2022-09-27
Supports FTX sale path.
news_article medium customer_outcome
Voyager wind-down coverage
Reuters · 2023-05-05
Supports wind-down and customer recovery path.