Investors lament potentially lost ‘millions’ on Voyager bankruptcy

cointelegraph.com:

Many Investors are reeling from Voyager Digital’s recent bankruptcy filing, with some claiming to have either ‘millions’ worth of crypto assets or most of their life savings locked on the crypto exchange.

As previously reported, Voyager paused withdrawals at the start of this month amid its liquidity issues as a result of Three Arrows Capital (3AC) defaulting on a $650 million loan from the firm. Despite Alameda supplying the firm with a $500 million loan in June, Voyager went on to file for bankruptcy on July 6.

In a July 9 article, Fortune spoke to several Voyager users who are reeling from the recent bankruptcy filing. Some put nearly all of their life savings onto the platform, while others are said to have millions hanging in limbo.

One user, referred to as Robert for anonymity purposes, stated he put roughly six figures on the platform, representing 70% of his life savings.

“Every day, honestly, I cry,” Robert said, adding, “I don’t know what to tell my wife. As partners, we decided to [invest on Voyager], but she trusted me, more than anyone else, to make the proper decision.”

As an investor of six years, Robert went on to note that while he had conducted a relative amount of research on Voyager before using the platform, he would have never done so if he knew that the firm was going to lend out customer funds to a hedge fund:

Related: FDIC reportedly scrutinizing Voyager Digital marketing as complex SBF ties come to light

Fortune also spoke to popular crypto influencer Scott Melker, who is also known as The Wolf Of All Streets online and claims to have seven figures worth of funds stuck on Voyager.

“Listen, I’m out millions of dollars,” he said, adding that he was embarrassed about being over-exposed to Voyager