This topic is going to hit the servers like bombardiers, but I thought I would give my perspective since I use Voyager, and the news is fresh.

   Despite SBF's Alameda Venture's $485 million dollar credit line to Voyager Digital aimed at reparing Voyager's position (on top of the 75 million already owed to SBF's company), Voyager still filed for chapter 11 bankruptcy this morning, June 6, 2022- Voyager Digital has had withdrawals, deposits, and trading suspended since their announcement on June 1, Friday of the same. 

   This news comes after Voyager issued a notice of default and an intent on recovery to Three Arrows Capital for a $650 million crypto loan (the former allegedly facing liquidation).  

   Voyager's CEO, Stephen Ehlrich, had these statements to make.

     “This was a tremendously difficult decision, but we believe it is the right one given current market conditions...”

       "Voyager's platform was built to empower investors by providing access to crypto asset trading with simplicity, speed, liquidity, and transparency. While I strongly believe in this future, the prolonged volatility and contagion in the crypto markets over the past few months, and the default of Three Arrows Capital on a loan from the company's subsidiary, Voyager Digital, LLC, require us to take deliberate and decisive action now."

    " The chapter 11 process provides an efficient and equitable mechanism to maximize recovery."
    

Ehlric added that more information would be released "at the appropriate time," and that the company was "exploring strategic alternatives with various interested parties."

    I admire Ehlric's professionalism and willingness to move forward in whatever was executives have decided is most fruitful. Voyager Digital LLC was the first exchange that I used after my original Coinbase account, which I opened in 2017. I appreciated Voyager's clean interface, prices updated more than once a second, and stack of useful information on each token. To this day I use my Voyager app to check prices, as well as use the revolving news banner. Voyager has alot going for them.

   Another thing that Voyager always had going for them is a 9-10% yield on USDC deposits 100$ or over. That's literally less than Circle offers for deposits, at significantly lower minimum, and without being accredited (besides typical KYC). 

   As of late, after the Terra collapse (in which I lost about 40% of my portfolio), I considered again using this USDC yield deposit option, as a "safer bet." I ultimately decided that, although I would be earning 10% on a stablecoin, the withdraw fee for ERC-20 USDC would cancel out most yields; so essentially, it's just a safe haven for cash with a suspiciously good yield rate. 

   So what about you? Did you dodge the bullet or take a loss? I saw this on Twitter today, a snapshot from Voyager's subbreddit. 

        Please stay safe folks, and don't invest more than you can lose. And remember Brian Armstrong's warning that centralized exchanges clients could be held as general debt holders during a bankruptcy proceeding and their assets may be seized permanently.