Join the larget crypto conference of 2022 in Bitcoin
Bitcoin
$ 39,046

Terra collapse was a big reason behind Voyager’s bankruptcy: Investigation reveals

0
(0)
Terra collapse was a big reason behind Voyager's bankruptcy: Investigation reveals 2

A YouTuber uncovered the misleading marketing strategy of Voyager Digital, which filed for Chapter 11 Bankruptcy Protection recently.

Stephen Findeisen is a YouTuber and he investigates online fraud & reports the same to people through his YouTube channel Coffeezilla. On 14 July, Findeisen published a video to uncover the misleading marketing strategy of Voyager Digital platform, which is currently under a situation where its withdrawal services have been paused because of extreme digital assets’ market situation and also to protect the business operations make it again available, company filed for Chapter 11 Bankruptcy Protection.

YouTuber noted that Voyager Digital, which was providing a 9-10% yield, was claiming that its Investment operations were under the safest approach which can easily stand in the crypto winter season but in reality its approach of investment was not safe. 

According to this investigation of YouTuber, Voyager Company provided a loan of $654 million to a single company Three Arrows Capital (3AC) and that fund was further invested by 3AC in the Terra ecosystem. After that loan fund, which was invested in the Luna coin became worthless because of the collapse of the Luna coin, the native token of Terra blockchain Network. 

Further YouTuber said that Voyager claimed that it was insured with the FDIC (Federal Deposit Insurance Corporation) insurance under the partnership with a legitimate bank. But the company never revealed that insurance only covered their assets in the event of the bank’s failure, not Voyager’s.

YouTuber pointed out the violation of legal steps of Voyager. According to the YouTuber, Voyager filed for Chapter 11 Bankruptcy to restructure its business and print more Voyager money and shares. In the filing, the company didn’t mention its nature, whether it is a stockbroker, commodity broker, or clearing bank but still, the company advertised its services as a brokerage firm.

Read also: Central Bank of Sri Lanka warns citizens against cryptocurrencies

Terra collapse was a big reason behind Voyager’s bankruptcy: Investigation reveals

 

https://bitcoinik.com/terra-collapse-was-a-big-reason-behind-voyagers-bankruptcy-investigation-reveals/feed/

https://bitcoinik.com/terra-collapse-was-a-big-reason-behind-voyagers-bankruptcy-investigation-reveals/feed/

 

 

 

 

 

Ads by Cryptonews24

 

Buy bitcoin and other cryptocurrencies on crypto exchanges:    Binance    Coinbase      Kraken      Bitfinex

—————————————————————————————————————————-

ETH-ERC20 Mining and Financial Management

✅ Minimum Investment: 10 USDT.
✅ Minimum withdrawal: 1 USDT.
✅ Withdrawal time: 24h.
✅ Withdrawal day: Everyday.
✅ 5% cashback on first investment.
✅ daily profit 6-11.5% on your investment (Profit will be added every hour in your wallet).
✅ Get up to 10% referral Bonus.

The output of liquid mining is not constant and may be affected by the liquidity of the blockchain. The expected daily production income:

✅ VIP1: DEPOSIT 50~10000 USDT GET 2% EVERYDAY

✅ VIP2: DEPOSIT 10001~50000 USDT GET 2.5% EVERYDAY

✅ VIP3: DEPOSIT 50001~100000 USDT GET 3% EVERYDAY

✅ VIP4: DEPOSIT 100001~200000 USDT GET 4% EVERYDAY

✅ VIP5: DEPOSIT 200001~500000 USDT GET 5% EVERYDAY

✅ VIP6: DEPOSIT 500001~1000000 USDT GET 7% EVERYDAY

✅ VIP7: DEPOSIT OVER 1000001 USDT GET 8% EVERYDAY

 

📌 You must open wallet  (Metamask, Tronlink e.t.c. ) and connect it,  for earning income

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

𝙍𝙀𝙂𝙄𝙎𝙏𝙍𝘼𝙏𝙄𝙊𝙉 𝙇𝙄𝙉𝙆👇🏽
https://eth-trc20.org/h5/#/?p=16327

 

ETH-ERC20 Mining and Financial Management

▬▬▬▬▬▬▬▬▬▬▬▬▬▬

👇👇👇👇👇👇👇👇👇👇
Support Telegram Group: https://t.me/+TjCkS2KwKfQwZjM0

—————————————————————————————————————————————-

Ads by Cryptonews24

 

 

 

Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.

 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

TELEGRAM
Cryptonews24 Channel Chat