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Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank.
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Stephen Ehrlich, CEO of bankrupt cryptocurrency exchange Voyager Digital, made millions of dollars selling Voyager shares in February and March 2021 when shares were near their peak, nineteen months before the crypto lending firm declared bankruptcy in July 2022, financial records show.
Ehrlich’s gains were propelled by the stratospheric increase in Voyager’s stock price, which rocketed from seven cents a share in Oct. 2020 to $26 a share by March 2021. In the same period, Bitcoin rose 455% and Ether climbed 688%.
Like similarly embattled Celsius, the firm promised mammoth returns on assets that users entrusted with them. But as crypto prices went into free fall earlier this year, Voyager’s business proved...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...