Only a few days after pausing trading and withdrawals from its platform, Voyager Digital (TSE: VOYG) (VYGVF) filed for Chapter 11 bankruptcy yesterday, July 6. As a result, shares have been halted since yesterday. The company points to Three Arrows Capital's default and market volatility as the reasons for this decision. CEO Stephen Ehrlich claimed that this process will allow Voyager to maximize the amount of money it can recover. It appears that Alameda Research's bailout wasn't enough to save the company. The firm, which is run by Sam Bankman-Fried, offered a line of credit that was worth $485 million. Nevertheless, only $75 million is allowed to be used in any 30-day period.
