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Native tokens from the popular crypto app can even suspend trading on the platform, despite weeks of turmoil with litigation.
Over the past few weeks, Voyager Digital has issued a default notice for crypto hedge fund Three Arrows Capital (3AC) and filed for Chapter 11 bankruptcy protection, but in the past day VGX Altcoin has exploded from $ 0.15 to a peak of $ 1.03. .. 586% increase.
Back in late June, the first Voyager Submission A default formal notice to 3AC seeking repayment of a previous loan of approximately $ 650 million consisting of 15,250 Bitcoin (BTC) and $ 350 million worth of dollar peg stablecoin US dollar coin (USDC).
Then Voyager publication A few days later, due to liquidity issues due to 3AC’s outstanding debt, trading activity on the platform was temporarily suspended, last week. Filing For bankruptcy protection.
CNBC report On Tuesday, a federal judge in New York frozen the assets of Three Arrows Capital while the whereabouts of fund co-founders Zhu Su and Kyle Davis remained unknown.
Later that day, there was no direct evidence that Voyager had rallyed by court order, but VGX tokens began to rise significantly.
It’s also worth noting that Voyager has stopped trading on the platform, so investors holding VGX in the app will not be able to actually sell or use the rally. VGX is not yet Available However, buy and sell on at least 12 other crypto platforms.
Voyager Although slightly modified after the first surge, it has continued to rise by 412% in the last 24 hours and the asking price is $ 0.78.
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Featured images: Shutterstock / metamorworks / WindAwake
