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Cryptocurrencies

Crypto crash takes down lenders as casualties mount

Voyager Digital bankruptcy filing shows risk of contagion spreading

Cryptocurrency lender Voyager Digital faces bankruptcy proceedings and likely delisting amid the turmoil in crypto markets.   © Reuters

TOKYO -- Plunging values of cryptocurrencies have taken a steep toll on some lenders and hedge funds that specialize in those volatile assets, heightening the risk of a loss of trust in the sector that could create a downward spiral.

Trading was suspended Wednesday in Toronto-listed shares of U.S. crypto brokerage Voyager Digital, for which the Toronto Stock Exchange has launched an expedited delisting review. Over-the-counter trading in American markets was halted as well.

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