Voyager Digital CEO Cashed Out Stock as Crypto Market Plummeted

Cryptocurrency platform and lender Voyager Digital  (VYGVF) – Get Voyager Digital Ltd Report ran afoul earlier in 2022 when the prices of the digital assets sunk and froze the assets of customers while its CEO allegedly made $31 million selling shares of the company.

While the crypto market wiped out $2 trillion in assets, Voyager CEO Steven Ehrlich allegedly cashed out of the company’s stocks before the lender filed for bankruptcy, according to the Canadian Securities Administration.

Shares of Voyager skyrocketed from $0.07 a share in October 2020 to $26 a share by March 2021. Bitcoin climbed by 455% and Ether jumped by 688% during the same period.

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