2023-08-02 16:50:40
Bankrupt crypto exchange Voyager returns money. Hackers: “Thank you, us too!”
After litigation, platform customers went through the tenth circle of hell.
Cryptocurrency exchange Voyager Digital Holdings Inc., which filed for bankruptcy last year, may faced
with a hacker attack. It all happened just at the time when the platform was restored to allow users to get their money back.
Voyager opened up access to its systems for 30 days following months of litigation. In total, clients might withdraw regarding $490 million, or nearly 80% of the total funds, according to attorney Darren Azman.
The possible break-in was reported to law enforcement. The investigation is being carried out by officials who are also involved in the case of closing the company.
Azman explained that the attackers used a variety of algorithms to access digital wallets. The most typical scheme: scammers create a fake site where they promise to increase payments to exchange clients if they link their crypto wallets to a new account. After creating an account, the accounts are quickly depleted.
According to the lawyer, few fell for these tricks, but there were such cases.
“This is outrageous,” Judge Michael Wiles said at a remote hearing. “Do not know what to say. After everything these people have been through…
Voyager was the first of a series of bankrupt crypto companies to start paying back money to creditors and customers.
In April, Binance.US pulled out of a deal to buy the platform, lowering the potential return for users. At that time, Voyager estimated that customers would be able to receive regarding 36% of the funds due to them, and if they win a lawsuit with another bankrupt exchange, FTX Trading, more than 60%. Voyager only had $630 million to pay off debts. At the same time, according to the documents, the amount required by the court reached $1.8 billion.
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