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Voyager Digital files for bankruptcy protection as crypto turmoil continues

Voluntary filing comes after crypto hedge fund Three Arrows Capital defaulted on a large loan from a Voyager unit

Cryptocurrency broker Voyager Digital said that it has filed for Chapter 11 bankruptcy protection, days after it suspended withdrawals and trading on its platform amid growing turmoil in digital-currency markets.

The company said that it has initiated Chapter 11 restructuring in New York, where it is based, and will seek recognition of the case in Canada, where it is listed.

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