Cryptocurrency broker Voyager became the next platform to announce stopping operations amid the market plunge. On July 1, the company said it temporarily suspends trading, deposits, withdrawals, and loyalty rewards.
Related: Court Decision Says Three Arrows Capital Should be Liquidated
The team reported that they are in discussions with different parties over adding liquidity and come up with an effective strategy for the company. They added that Voyager will provide more updates later.
Voyager's decision comes several days after the company released a default notice to the cryptocurrency hedge fund Three Arrows Capital, which failed to pay a loan worth over $670 M. The loan includes 15,250 Bitcoins and $350 M USDC stablecoin. The company stated in the notice that it plans to seek recovery.