The Toronto Stock Exchange, the Investment Industry Regulatory Organization of Canada (IIROC), commences the delisting review of crypto lender Voyager Digital by suspending its trading activities. Furthermore, the shares were also paused from trading on OTC Markets in the United States.
The announcement comes in the light of Voyager Digital filing for Chapter 11 bankruptcy in the U.S. Bankruptcy Court of the Southern District of New York. Three Arrows Capital which already filed for bankruptcy owes Voyager around $600M and now SBF’s Alameda Research owes them $377M too.
The current crypto bear market affected the crypto lender in a really bad manner and trading, deposits, withdrawals, and loyalty rewards in the platform still remain suspended.
