A Voyager Customer Says He Is Done With Crypto; Loses $6,900 In Bitcoin After Firm’s Collapse

• Concerns among Customers of Voyager have increased as they realized they are not getting their funds back. 

• A Voyager customer who invested $15,000 in Bitcoin on the platform has lost all the faith. 
• The recent crypto crash has bought the top coin 70% away from its all-time high. 

Investors in the crypto industry are known for their passion towards the assets. However, this crypto winter had many crypto enthusiasts shaking their faith. The recent turmoil in the crypto market resulted in heavy decline in large cryptocurrencies declining in their values. Popular crypto firms such as Three Arrows Capital (3AC) and Celsisus went bankrupt. 3AC owed Voyager funds which it failed to repay. As a result Voyager too went bankrupt. A new wave of concern hit Voyager Digital Ltd. customers after it got clear that they are likely not getting their funds back. 

The notion that big trading firms offered a kind of security has shattered. As it’s quite clear that all the investment of Voyager customers such as retirement savings, emergency cash, and down payments, have gone for forever. Aaron Selenica is one such investor. The 21-year old got into the crypto craze last year after he heard his friends talking about Bitcoin. Aaron also became a member of the crypto club at the University of Connecticut.  He invested around $15,000 in Bitcoin on the platform after coming across Voyager ads at the school’s basketball games.

The value of his holdings has reduced to $6,900. He knows it is quite unlikely that his funds will come back. He was aware of volatility in the crypto market and crypto assets are risk assets. However, he never thought the platform would fall completely. Aaron feels he is completely robbed. He couldn’t believe  what had happened was legal. He has completely lost faith in crypto and wouldn’t be investing in another platform. The recent crypto market crash has caused significant decline in the values of leading crypto assets. The largest cryptoassest is 70% away from it’s all-time-high in November last year. 

Ritika Sharma

With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.