The ship isn't going down without its crew and passengers, as evidenced by the fall of Voyager Digital.
Most of the company's customers won't get their money back after the company filed for Chapter 11.
Telvin Hodo is a 29-year-old teacher who used Voyager to invest around $10,000 in several currencies.
He needs a down payment and closing costs on his new house because of the busted exchange.
He said it was terrible. I don't know how long it will be before I can buy or sell something.
The trading platform that held about $1.3 billion in digital assets has joined the growing number of exchanges that have stopped withdrawals.
Even though this might not be the end of the world for wealthier investors, these losses are seriously impacting everyday people who trusted them with their savings.
Customers will beimpaired by the proceedings according to the suit. The company is planning on giving users stock options, deposited coins, and company token instead of the traditional currency of the country.
It is unlikely that any future cash recovered from Three Arrows Capital will be passed on to customers as the firm is currently bankrupt.
The 21-year-old student said it felt like he had been robbed.
After it was advertised to him, Selenica invested about $15,000 in the platform.
Selenica used to be a big fan of the future of digital coins.
He said he didn't understand how this could be legal. I won't invest on any other platform. I'm finished with it.
'I'm Done With Cryptocurrencies' is a story about the bankruptcy of Voyager.
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