Cryptocurrency brokerage and lending firm Voyager Digital Ltd. has asked for a bankruptcy judge’s permission to honor withdrawal requests for $350 million in cash funds held on behalf of its customers at a custodian bank, court filings show.
Voyager filed for chapter 11 bankruptcy protection last week facing a “run on the bank” as customers flooded the firm with requests to withdraw their deposits, becoming one of the first victims of the sharp cryptocurrency pullback of recent months.
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