Bankrupt Crypto Broker Voyager's Native Token VGX Skyrockets by Over 125% in 24 Hours Amid Takeover Rumors

The native token of embattled crypto broker Voyager Digital (VGX) is surging as rumors of a potential takeover continue to circulate. According to a recent company presentation, numerous firms, including AlamedaFTX, the digital assets hedge fund of crypto billionaire Sam Bankman-Fried, have shown interest in purchasing Voyager's assets.

Timeline of Voyager-token

In the last few days, VGX, the native token of the troubled crypto brokerage company, Voyager Digital, took on an upward price rally. Surging by over 100% this week, the price uptick came about due to the short squeeze initiated by investors in the face of the company's recent troubles.

 Voyager Digital [VGX], the United States-based crypto brokerage, is one of the companies to be liquidated due to Three Arrows Capital's demise (3AC). In a 22 June press release, the firm stated that its investment exposure to 3AC consisted of 15,250 BTC and $350 million USDC.

Voyager Digital filed for bankruptcy on July 6. VGX also fell to a new all-time low and shows no signs of a bullish trend reversal The post Voyager Token (VGX) Falls to New All-Time Low Amid Restructuring Plans appeared first on BeInCrypto.

Effective immediately, Voyager Digital has suspended all activity, including trading, deposits, withdrawals, and rewards. The post Voyager Digital suspends trading, deposits, withdrawals – stock drops 38% appeared first on CryptoSlate.