Credit is where the problem lies when exploring the recent Voyager Digital Chapter 11 bankruptcy that has left all customers’ digital assets frozen, with what looks like a high likelihood of catastrophic loss of significant proportions of customer digital assets.
To stop the bleed as a result of customers pulling out/selling assets following recent market decline and general skepticism, Voyager Digital stopped all asset movement in and out of the exchange and filed for Chapter 11 in what Ehrlich claims is:
“to protect assets on the platform, maximize value for all stakeholders, especially customers, and emerge as a stronger company.”
