Not your keys, not your crypto!
IS Voyager a fractional Crypto Reserve?
I don't see why Voyager would need to halt trading and withdrawals if they weren't a fractional reserve, meaning they don't actually own all the crypto they say they have.
Luckily I only have 1000 dollars in crypto stuck in this Voyager app, i'm glad I didn't leave more in there. Yesterday I almost sent a lot of money in there for trading, mainly for the convenience of being close to my bank if I needed cash. I'm glad I dodged that bullet and didn't deposit any funds to Voyager yesterday.
This is some terrible news for Voyager today, hopefully the app can come back and also learn a lesson from this. Maybe FTX will see that they are a screaming deal and buy them out? The lesson for Voyager should be - don't lend out your precious capital that you need to stay in business, & don't go beyond your means and try to gamble with other people's money.
Thank goodness you only lost a small part, bro.
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Funny things are brewing behind people’s backs! What’s next?! Quite uncertain future.
wow. how can they just do that? yes, sounds like they are overextended/fractional spending going on. i thought only banks did that stuff. ðŸ˜
Yeah sounds totally illegal to me.
What's going on with crypto these days? Why are these things happening, crypto going down?
Just a lot of scammers and fraudsters out there. Nothing wrong with crypto, it's the users that are the problem. I think crypto is going to go up again in the long run, that's why all these exchanges keep trying to steal it all from us.
Another one bites the dust!! Its getting wild west out there!
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