The collapse of the Terra ecosystem was one of the most significant events that pushed the industry into a bear market. It was a catalyst for overleveraged firms, which led to Voyager Digital filing for Chapter 11 bankruptcy in July 2022.
Voyager’s bankruptcy impacted many investors whose funds are stuck with the firm. One of the creditors, Michelle DiVita, filed a motion to appoint a Chapter 11 trustee on Thursday.
I filed a Motion for Appointment of a Chapter 11 Trustee in the @investvoyager bankruptcy. My intentions behind the filing are best described in p. 32-33 (below). I encourage you to read the entire doc, as many findings are brought to you by our dedicated #VGX community
License.
