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Behind Voyager’s Fall: Crypto Broker Acted Like a Bank, Went Bankrupt

In an industry where counterparties are tightly bound together by a weave of debt and leverage, dominoes can fall fast and hard.

Voyager Digital CEO Steve Ehrlich giving a thumbs up at Bitcoin Miami in April of 2022 (Danny Nelson/CoinDesk)
Voyager Digital CEO Steve Ehrlich giving a thumbs up at Bitcoin Miami in April of 2022 (Danny Nelson/CoinDesk)