Judge Allows Voyager to Pay Off Credit Card Debt

Key Takeaways

  • Crypto exchange company Voyager Digital was accorded permission to pay off $76,000 across 24 credit cards to Brex.
  • The bankruptcy judge, who gave his approval reluctantly, said the company had not sought out credit from other card providers; nor had it made a strong case as to why it even needed credit cards in the first place.
  • Voyager is currently going through Chapter 11 bankruptcy proceedings following a liquidity crisis that was sparked by crypto hedge fund Three Arrows Capital’s collapse last month.

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