Cryptocurrency brokerage and lending firm Voyager Digital has asked for a bankruptcy judge’s permission to honour withdrawal requests for $350m in cash funds held on behalf of its customers at a custodian bank, court filings show.

Voyager filed for chapter 11 bankruptcy protection last week facing a “run on the bank” as customers flooded the firm with requests to withdraw their deposits, becoming one of the first victims of the sharp cryptocurrency pullback of recent months.