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- Voyager, the crypto bankrupt firm, shuts its services of trading, deposits, and withdrawals in July.
- Shaik Taj Baba, a crypto trader asked the firm, “Why did they fill my buy order?” and demands for the return of $10,000 from Voyager Digital.
More than 100,000 clients of the firm got really very angry and Baba is one of those. These clients suffered as their billions of dollars crypto stuck in court-ordered limbo, because the firm was trying to right itself. On the other hand, a Virginia resident found that he is in a more gut-wrenching sort of torment.
Baba’s Purchase of $10,000 USDC from Voyager
On July 1, at 2.07 P.M. ET. Baba initiate the purchasing with 10,000 USDC stablecoins from Voyager. He used the $10,000 in cash that he wanted to take off the platform. Then, Voyager immediately proceeded towards buy and when he tried to send those stablecoins to an external wallet, his transfer didn’t proceed.
Voyager then issued a press release with the information of the freezing of all activity in its platform at 2.00 p.m. It’s just seven minute before Baba purchased USDC.
Baba demanded from the company to either honour his stablecoin withdrawal request or send back the buy order on Monday. He also asked Voyager’s bankruptcy court to let him reclaim his dollars. He took this step after two months of Voyager’s customer support in Vain.
Baba clarifies that he had invested $32,000 in crypto through the Voyager’s app and most of his assets were deprecated in the interim. All these funds also got struck in the bankruptcy limbo, but he is not asking to return those money back.
Now, Baba demands to know Why the firm let him essentially throw the good money after the bad. He said, “They took the money in but they did not let the money out.” As the firm claimed that it stopped its all activities then how he would be able to transfer the money into stablecoins at all. While, on July 5, the Voyager support team denied his stablecoin transfer request.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
