Voyager filed for Chapter 11 bankruptcy on July 6, 2022. The FTC later charged them for falsely claiming FDIC insurance.
| Product Type | Crypto Brokerage + Debit Card |
| Token | VGX (Voyager Token) |
| Key Claims | "FDIC Insured" (False) |
| Shutdown Date | July 6, 2022 |
| Primary Cause | Three Arrows Capital (3AC) Exposure |
Voyager Digital was a US-based cryptocurrency brokerage that marketed itself as a safe, regulated platform. They prominently claimed customer deposits were "FDIC insured" — a claim the FTC later determined was false and misleading.
When the crypto hedge fund Three Arrows Capital (3AC) collapsed in June 2022, Voyager had massive exposure. They had lent 3AC over $650 million that couldn't be recovered.
On July 1, 2022, Voyager suspended all trading, deposits, withdrawals, and loyalty rewards. Five days later, they filed Chapter 11 bankruptcy.