Incense Night Post: Crypto crisis avalanche effect currency circle company bankrupt navigator digital company is involved

China Well -off. July 8. The crisis of old horse cryptocurrencies did not stop. This financial infectious disease also attacked Voyager Digital, the currency circle company, which is the latest victim of the sharp decline in the price of the digital asset market.

Bitcoin virtual image

The Italian Evening Post reported that the cryptocurrency lending company announced on Tuesday, July 6 that it had applied for bankruptcy protection less than a week after its platform frozen withdrawal. In a document submitted to the New York Bankruptcy Court, the company claims to have more than 100,000 creditors, and Voyager's asset estimation is valued at between US $ 1 to 10 billion.

The closure of Voyager occurred less than a week after the suspension of transactions and extruded withdrawals, what happened like a real snowball effect: the failure of the three -arrow capital fund arrears of the exchanges heavy debt. Drag the navigator digital company. Voyager has borrowed $ 650 million in cryptocurrencies from Sanjian Capital. Since early 2022, the stock price of this Toronto listed company has fallen by nearly 98%.

The cryptocurrency crisis began in May. At that time, the value of Terrausd (USS) and its related token LUNA was evaporated, wiped out at least $ 55 billion in value, and made the futures of several large companies facing risks.

The platform had to announce to prevent customers from withdrawing in June. The collapse of the cryptocurrency market has made the supervision of the industry more urgent. The European Union is formulating an encrypted asset supervision framework. The legislative goal is launched in 2024. In the United States, Joe Biden signed an administrative order based on data from the Federal Trade Commission since the beginning of 2021, requiring the federal government to coordinate and encrypted encryption Currency supervision plan. Essence

- END -