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in Tech

FTX Crypto Exchange Plans Partial Bailout of Bankrupt Voyager’s Customers

by Editor July 23, 2022, 7:43 am 1.3k Views

Three Arrows Capital Accused of Exceeding Assets Threshold, Providing False Information

FTX said on Friday it was planning to offer Voyager Digital’s customers access to some of their funds, the latest relief measure by the Sam Bankman-Fried-led cryptocurrency exchange for the ailing crypto industry.

Under the plan, Alameda Ventures, the trading firm also founded by Bankman-Fried, would purchase all of Voyager’s digital assets and digital asset loans, except the loans to bankrupt crypto hedge fund Three Arrows Capital.

Voyager’s…

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