Warning! The Collapse of Voyager?!?!
Dumb Money w/ Matt Kohrs
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As of friday july 1st today voyager made the difficult but necessary decision to temporarily temporarily suspend trading deposits withdrawals and loyalty rewards effective at 2 pm on friday july and here is kind of the main. Things you might be wondering just to get that information out there when will i be able to access assets on the platform. We understand the significant impact of the decision and we are working quickly to lift the suspension on training deposits withdrawals and loyalty rewards. We will provide updated information.

As soon as it becomes available. So that's a very roundabout way to say we don't know while we are not in a position to announce anything else today. We are hopeful that we will have more to share soon. We will continue to keep you updated is the app still working yeah.

But you can't do anything like that app is up and running but you can't do anything uh debit card no longer working what does exploring strategic alternatives mean is voyager up for sale we are in discussions with various parties regarding. Additional liquidity and the go forward strategy for the company. While we don't have anything else to share today. We are working diligently and hope to have more information to share soon so basically once again they're telling you nothing.

It's a lot of words. It's a fancy pr firm. That was hired to be like let's get a lot of words in there that get nowhere. I don't know this is nothing that i have special inside information.

But if i had to guess. I think a lot of these companies maybe it is voyager maybe it's not maybe it's on the list. But i think a lot of these are going to end up getting scooped up by ftx by the time the dust settles. What is happening with 3 a c.

Why haven't they repainted your loans press reports say they have been forced into liquidation what does that mean questions about the status of 3ac should be directed to them i like that one that's like the most stern. One they have just like if you're going to talk about 3s you ask them not us voyager is actively pursuing recovery from 3ac through the court ordered liquidation process in the british virgin islands and intends to pursue all other available remedies as well so it could be ftx. It looks like they might get maybe they'll get a loan maybe they'll get bought out we kind of have to wait to see how this all ends up going so this was quickly tweeted out after that official press release from voyager voyagers. There is nothing more critical to us than our customers please know that we are focused on protecting assets and maximizing value for all customers as quickly as.

Possible we currently have approximately 13. Billion of crypto assets under our platform plus claims against 3ac of more than 650 million. We also have 350 million of cash at the metropolitan commercial bank. We are doing everything in our power to best serve our customers for the long term.

We are actively pursuing a series of strategic alternatives to do just that we'll share more updates as we have them so right now. It's screwed. It's not a good situation. And it's rightfully scary.
If you're feeling it your money is locked up and i pray that you don't need that like tomorrow. But i'm sure at least one person out there is like dude. I very much need that money and my heart goes out to it and it's just frustrating once again we get to these brokers. These exchanges and we're told time and time again that people who are allegedly smarter than us that they've employed a great risk management strategy and it just seems to not be true obviously.

I'm if you're feeling this pain. I'm right there. With you i have quite a bit of my own money on voyager that is now it's inaccessible. I'm hoping that it comes back.

I'm hoping that we see things start to bounce in the crypto market. And then everyone kind of calms down and all these loans start to get repaid and the right partnerships and teams and loans are made. And this is one thing that like i hope at the end of the day. Minimal amount of people are negatively impacted and it's more of a good learning lesson.

But right now we're living through this thick of it and it sucks ass. I'm right there with you when i get any information. I will happily share. It with all of you voyager going the way of celsius evolved.

Uh. This cryptocontagion that really we should call 3ac is dragging a lot of people down.

20 thoughts on “Warning! the collapse of voyager?!?!”
  1. Avataaar/Circle Created with python_avatars Mugshot Marley says:

    RIP my Voyager bags Here's me thinking that hedgefunds manipulating the stock market and FED raising rates so figure invest more into crypto to get around that…and bam I get f*cked worse with Voyager suspending everyones account. Imagine your regular, local bank freezing your account/debit card! But what kills me the most is all the people I suggested Voyager too. Im so sorry everyone!

  2. Avataaar/Circle Created with python_avatars Robert RedOne says:

    thanks for the rundown Matt. One of my favorite things about voyager is (was) the ability to set a limit order, caught a couple flash overnight/weekend dips that way. I also have FTX. blockfi, and coinbase but do not see limit orders available there. am i missing something there? other exchanges that offer limit orders? thanks everyone.

  3. Avataaar/Circle Created with python_avatars Frank Mackes says:

    Itsxall burning down brother. The worst is yet to come.

  4. Avataaar/Circle Created with python_avatars Allmoneyin says:

    What happens to my crypto in voyager this is really depressing people can’t afford to lose money like this just turns me off to crypto completely sadly

  5. Avataaar/Circle Created with python_avatars Rob Reid says:

    Could you do a video about metamask?

  6. Avataaar/Circle Created with python_avatars Rob Reid says:

    I think we all should start Transferring our tokens to metamask that way we don't get involved with this Voyager crap again, Also your price is the price exactly, Unlike the price when you buy and sell on robinhood – You get screwed a 10th of a penny every time

  7. Avataaar/Circle Created with python_avatars Mr. Linoge says:

    Wonder if you could sue for credit card fraud, if you used a card to make the transactions. If they committed a federal crime that caused you damages their terms and conditions may no longer apply.

  8. Avataaar/Circle Created with python_avatars Sergio Valencia says:

    Mark Cuban. Where you at!?

  9. Avataaar/Circle Created with python_avatars Castle Girl says:

    Thanks for the update, i dont have anything on voyager but my sister does so ive been keeping up with info to pass along. ty

  10. Avataaar/Circle Created with python_avatars Dan Twire says:

    I need to get off of voyager.

  11. Avataaar/Circle Created with python_avatars 7RUN2 Jessica says:

    Thanks for making this video Matt. Oh brother (in the Hulk Hogan voice). It sucks that our assets are locked up but I wasn't planning to withdraw them anytime soon. I hope Voyager finds the best solution for everyone. I understand that these kinds of matters take time to resolve. I'd rather them take the time needed to get it right than rush through it and get it wrong. I do feel bad for anyone who was planning to access their assets though. That would really suck. This is a good reminder to place your eggs in more than one basket.

  12. Avataaar/Circle Created with python_avatars Travis Farmer says:

    I lost everything! They took my ability to access my life's savings. I'll be taking my life tonight .

  13. Avataaar/Circle Created with python_avatars Colton says:

    Matt I remember last summer you kept a lot of your money in a interest crypto wallet. Did you get out alive brother?

  14. Avataaar/Circle Created with python_avatars lenandov says:

    And now the market… OH! Ohhh it went to zero!

    D'Dayum

  15. Avataaar/Circle Created with python_avatars Thomas says:

    Great, take a beating on the stonk market. Now crypto assets are frozen. I'm over this bs. πŸ§œβ€β™‚οΈπŸ§œβ€β™‚οΈπŸ§œβ€β™‚οΈ

  16. Avataaar/Circle Created with python_avatars power4less says:

    Thanks for the update Matt.

  17. Avataaar/Circle Created with python_avatars Devin Kinder says:

    What’s up Matt

  18. Avataaar/Circle Created with python_avatars Korodski says:

    😬😬😬

  19. Avataaar/Circle Created with python_avatars Guillermo Moreno Marquez says:

    Took my money out of Voyager once I heard Three Arrows couldn’t make their payments.

  20. Avataaar/Circle Created with python_avatars Hawt Sauce says:

    I got crypto in voyager now I have to wait to send it to another broker

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