Quite literally as this Litepaper was finishing the final edits, crypto exchange Voyager ($VYGVF) announced that they are:
“Today, Voyager made the difficult but necessary decision to temporarily suspend trading, deposits, withdrawals, and loyalty rewards, effective at 2:00 PM Eastern Daylight Time on July 1.”
Not much of a heads-up given they made the announcement 48 minutes after the halted all activity by customers. Voyager ceasing all trading, withdrawals, and deposits is due to continued fallout from the collapse of Three Arrows Capital, the crypto hedge fund at the center of the mess that includes BlockFi and Celsius ($CEL.X).
We’ll keep you updated on this as it will undoubtedly spiral into another nightmare for its customers. In the meantime, read the full Press Release from Voyager here.