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What happened to Voyager digital?

REUTERS/Dado Ruvic/Illustrations/File Photo (Reuters) - Crypto lender Voyager Digital has agreed to settle claims against company executives who approved a risky nearly $1 billion loan to failed crypto hedge fund Three Arrows Capital (3AC) after minimal due diligence, a misstep that contributed to Voyager's own bankruptcy.

How does Voyager crypto work?

Voyager takes advantage of what is known as cold storage; this means that the majority of customer funds are stored in offline wallets; this helps to protect customer funds in the event of a security breach within the system. When you log into the Voyager Crypto app, you will have to enter a code sent to you by your choice of either text or email.

What happened to the Voyager coin?

The Voyager coin is still 95% below its all-time high price of $12.54 set on January 5, 2018. VGX, the native token of the troubled US-based crypto brokerage Voyager Digital, skyrocketed yesterday, jumping from $0.1641 on July 12 to $0.9476 on July 13 – a 477% leap. The price then retreated to $0.572 before climbing back up again to $0.7136 today.

Did Voyager digital get another offer from FTX?

Voyager Digital got the other offers after Sam Bankman-Fried's FTX offered last month to purchase the company with cash and offer early liquidity on customers’ bankruptcy claims. These customers would also be able to create new accounts on FTX.

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