Voyager disclosed that the exchange currently has $137 million in cash and crypto and access to the loaned funds provided by Alameda Research.
that it's currently exploring"legal remedies" that are available with its advisors and is aiming to pursue the recovery of its funds from 3AC.
Additionally, Voyager disclosed that the firm has $137 million in cash and crypto as of June 24, 2022. The company also assured its user that the platform is continuing to operate and fulfill their users' orders and withdrawals. Apart from these, the company also employed global investment bank Moelis & Company as its financial advisers to help its efforts stabilize amid its exposure to 3AC. According to Voyager CEO Stephen Ehrlich, the team is currently working to strengthen its balance sheets and pursuing other options to continue to comply with the liquidity demands of its users.
Voyager notes that it has access to the $500 million funds from its loan agreement with trading Alameda Research. At the moment, the firm said that it accessed $75 million worth of funds from Alameda.
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