The exchange is reviewing whether to delist shares of the U.S.-based company, which filed for bankruptcy in New York. (The Logic)
Talking point: Shares in the crypto-lending company were worth 34 cents each at the time they were halted—down from more than $14 at the start of this year. Voyager was forced to suspend customer withdrawals last week after hedge fund Three Arrows Capital failed to repay loans it owed Voyager—totalling more than US$650 million, according to Wednesday’s bankruptcy filing. Voyager expects customers’ assets to be “impaired” by the bankruptcy process, meaning they won’t get all their money back, Bloomberg reported. Voyager is one of several firms hobbled by the crash in crypto prices, although FTX CEO Sam Bankman-Fried, who has provided some companies with lifelines, said the worst of the liquidity crunch is likely over.