Bold Tv
@boldtvchannel·3.9K subscribers·1.4K videos
Voyager Digital Files For Bankruptcy: What Should You Do Next?
Posted
July 6, 2022
Views
22,090
Likes
1
Comments
7
Engagement
0.04%
July 6, 2022
22,090
1
7
0.04%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:37Now PlayingWhat’s gonna happen next with Voyager Digital? Check out the video to learn why!
Welcome back to Bold TV with Ashton Cohen. Be sure to like, comment, and subscribe to Bold TV for all things Bold.
So, Voyager Digital, a cryptocurrency exchange with a recent market valuation of over $1 billion, has officially filed for bankruptcy.
This implies that you might not be able to get your cryptocurrency assets back if you have them on the exchange. There are still some solutions available to you if your cryptocurrency assets are currently frozen on one of the other exchanges.
Here are some.
Suing them in Small Claims Court is the first option.
If a cryptocurrency exchange is stopping you from accessing your money, you can likely file a lawsuit against them in any Small Claims Court because they frequently service clients from all 50 states. You have a better chance of recouping your losses the sooner you file this form of litigation and receive a judgment.
However, keep in mind that the amount you can ask for in small claims court is restricted and varies by state. For instance, it is $10,000 in California and $20,000 in Texas.
Hire a lawyer is option number two.
You might wish to contact a lawyer if you have a lot of money on these frozen exchanges, but keep in mind that you could have agreed to arbitrate disputes when you signed up. That implies there won't be a trial; instead of a judge or jury, you'll have to resolve this conflict in front of arbitrators.
Thirdly, you might be allowed to take part in a class action lawsuit.
Then there's the fourth choice. Wait and pray.
You might receive your money back if some of these other exchanges that are on the verge of bankruptcy, like Celsius, are acquired by larger players.
However, everything changes if they file for bankruptcy like Voyager. Then, it's likely that you'll be an unsecured creditor, which means that you'll get paid last and may end up with nothing
Are you shocked that Voyager Digital filed for bankruptcy? Let us know in the comments below.
Make sure to subscribe to Bold TV, and follow us as we keep you up to date on all the latest news.
Subscribe to BOLD TV
Go check out Ashton Cohen’s YouTube channel and podcast here
Want to subscribe to our Crypto newsletter? Join here
Are you ready to be BOLD? Check out our favorite articles:
SAY HI ON SOCIAL:
Instagram, Twitter, and Facebook: @boldtv
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
