Voyager Clarifies USD Deposit Concerns in Update

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Voyager Clarifies USD Deposit Concerns in Update

Customer dollars were actually on deposit with FDIC-insured Metropolitan Commercial Bank (MCB), meaning the insurance protected against a MCB failure, not a Voyager failure. Nevertheless, says Voyager, USD deposits are protected as the money is with MCB, not Voyager. www.coindesk.com

Customer dollars were actually on deposit with FDIC-insured Metropolitan Commercial Bank (MCB), meaning the insurance protected against a MCB failure, not a Voyager failure. Nevertheless, says Voyager, USD deposits are protected as the money is with MCB, not Voyager.

www.coindesk.com