Voyager & Coinbase at Risk? | Investor Roundtable Millionaire Mentality + Diamond Hands InvestingJun 24, 2022
Voyager Digital announced Wednesday that it would drop its daily withdrawal limits from $25,000 to $10,000. The firm cut its withdrawal limits and received a $500 million bail-out package from Alameda Research to shore up its finances after revealing the extent of its exposure to 3AC, which caused a 60% share price decline. Meanwhile Crypto companies like Coinbase are laying off staff, slowing withdrawals and trying to stem losses, raising questions about the health of the ecosystem.
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