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Tom MacDonald
Tom MacDonald (@guest_1640697)
June 23, 2023 21:16

I got an email about a ’30 day window’ to withdraw my Crypto by logging into the application and transferring it off their platform to a wallet. If we don’t transfer coins then they will liquidate and send you US Dollars at a later date, but they encourage you to transfer out now. I have some USDC at Voyager, but not any other coins. Anyone else in this same situation? I have a Gemeni account that I don’t use but I guess I could transfer it there.

Has anyone transferred your coins yet? Have any advice on where to transfer to?
Thanks in advance.

Davis
Davis (@guest_1640730)
June 23, 2023 22:27

Just transferred the bitcoin that they allowed me to withdraw to coinbase. I would suggest transferring to a US firm

Tom MacDonald
Tom MacDonald (@guest_1640765)
June 24, 2023 00:04

Davis
I logged in to Coinbase on my pc and Voyager on my phone.
When I try scanning the QR code for Coinbase (receiving USDC) I keep getting Invalid address from the Voyager app. after I swipe Right to transfer.
Obviously I don’t do this much. From the Coinbase side I hit “send/receive”, selected USDC, Ethereum network, and there is a QR code to scan and an address too.
Is there anything you can tell that I am doing wrong. Thanks.

L
L (@guest_1640952)
June 24, 2023 12:00

Tom MacDonald
Coinbase won’t charge you to sell your USDC. I believe that Gemini charges.

And this is in the Voyager email:
Important: If you are transferring to a Coinbase wallet, please copy and paste the receiving wallet address. Do not use the QR code scanner function. We understand there may be a QR code scanner issue that we expect to be resolved with an app update in the coming days.

Tom MacDonald
Tom MacDonald (@guest_1641323)
June 25, 2023 07:11
  L

L
Thank you!

evelyn
evelyn (@guest_1425037)
August 14, 2022 11:50

Has anyone been able to withdraw the funds? No luck for me.

newguy
newguy (@guest_1425050)
August 14, 2022 12:20

I withdrew my $10K on Aug 11 and it was in my bank account on Aug 13.

sg77
sg77 (@guest_1425582)
August 15, 2022 14:19

Did you get an email saying the withdrawal was processed?
Have you done other withdrawals before this?

Mine still says pending, and I didn’t get an email yet saying it was processed. I haven’t done a withdrawal before this, and I wonder if that causes a delay.

g
g (@guest_1427180)
August 18, 2022 04:17

I did not get an email indicating that withdrawal is in-process, but as mentioned above, the funds were deposited into my bank account within a couple of days (the account link had already existed in my account if that makes any difference).

Also, the email from Voyager did indicate that the limit for withdrawal is $100,000…

sg77
sg77 (@guest_1427434)
August 18, 2022 12:10
  g

Mine (which was only around $100) posted on 8/16, and I got the email that same day (though strangely the email said it was processed 8/12), 3 business days after I initiated the withdrawal on 8/11. I was just a little worried since some people were getting emails & the deposit more quickly.

sg77
sg77 (@guest_1425072)
August 14, 2022 13:15
sg77
sg77 (@guest_1423699)
August 11, 2022 15:10

You might be able to sell your claim if you don’t want to wait (but probably only get around 25% of the value): https://www.bloomberg.com/news/articles/2022-08-09/wall-street-pros-offer-crypto-holders-a-backdoor-bankruptcy-exit

L
L (@guest_1423646)
August 11, 2022 13:38

Voyager users can withdraw their USD starting today.  Chuck

John M
John M (@guest_1420679)
August 5, 2022 16:24

Nobody puts a gun to anybody’s head to deal with this company.

Rick
Rick (@guest_1420685)
August 5, 2022 16:36

Thanks Captain Obvious.

John M
John M (@guest_1420693)
August 5, 2022 16:44

Glad I could help.

Mike D
Mike D (@guest_1420844)
August 5, 2022 22:55

Nobody put a gun to your head to say something idiotic, and yet here we are.

John M
John M (@guest_1420908)
August 6, 2022 05:03

Ditto. I’m done here.

No u
No u (@guest_1420932)
August 6, 2022 07:51

No u, crypto-less boomer

Andy
Andy (@guest_1420882)
August 6, 2022 02:06

Mark Cuban put $100 to my head though, and I gladly took it.

Ryan
Ryan (@guest_1420673)
August 5, 2022 16:15

Exactly the email I see RobinHood sending eventually.

Coinbase sucks
Coinbase sucks (@guest_1420732)
August 5, 2022 18:00

Coinbase right around the corner.

No u
No u (@guest_1420872)
August 6, 2022 01:09

No u right around the corner

Coinbase sucks
Coinbase sucks (@guest_1421061)
August 6, 2022 14:04

Whatever floats your boat. I expect to see you griping about losing your money in a few months.

Tae Kim
Tae Kim (@guest_1420536)
August 5, 2022 13:11

Dear XXXX,

We know the weeks since we suspended customer account access have been extraordinarily difficult. In an effort to quickly provide some relief to our customers, we have been working to restore access to Voyager customer cash held at Metropolitan Commercial Bank.

Yesterday, the Court approved our proposal to restore access to your cash (US Dollars). We know how important this step is, and the Court’s decision now allows us to move forward with processing cash withdrawal requests.

We plan to resume access to the Voyager app for customer cash withdrawals only, starting on Thursday, August 11th. Customers with cash (US Dollars) in their accounts will receive an email with more details when the cash withdrawal function has been enabled. We anticipate customers will receive their US Dollars in about 5-10 business days after making their requests. Requests will be processed as quickly as possible but will require some manual review, including fraud reviews and account reconciliation, and timing will depend, in part, upon the individual banks to which customers transfer their cash. Once cash withdrawals are enabled, customers can withdraw up to $100,000 via ACH in a 24-hour period.

Please read the following blog post, which has additional information on restoring access to customer cash, the claims process, and the next steps in the reorganization and our efforts to maximize the value of crypto on the platform.

Regards,
Team Voyager

Andy
Andy (@guest_1420512)
August 5, 2022 12:30

I don’t have skin in this game, but I’ve been rubbernecking.

Looks like they’re beginning the process to restore people’s access to their USD. Most of the speculation in the comments below was that this would happen, so I don’t think many people are that surprised, but anyway, it’s happening.

Any crypto you had is still likely to take a large haircut, including USDC.

Jeremy
Jeremy (@guest_1420663)
August 5, 2022 16:11

Lousy to do that with stablecoins. Should be treated like cash

Lrdx
Lrdx (@guest_1420688)
August 5, 2022 16:39

Unless you have been (possibly indirectly) paying the cost of the FDIC (or equivalent) insurance, no, they definitely should NOT be treated as cash.

Andy
Andy (@guest_1420808)
August 5, 2022 21:08

The only thing that should be treated like cash… is cash.

Stryker
Stryker (@guest_1420829)
August 5, 2022 22:25

What is the purpose of stable coins? If one USDC = one US dollar, why should I keep my money as USDC? Is there an incentive to store as USDC? something like a high interest rate?

Dr Molly
Dr Molly (@guest_1420955)
August 6, 2022 09:42

Yes it was. Voyager was offering something like 8% on USDC where the other big crypto companies were not (except Celsius). It was tempting but I always thought it was too good to be true so I never did it.

Andy
Andy (@guest_1421164)
August 6, 2022 19:57

You got it. Except you probably already know that there’s no easy, safe way to consistently generate 8-9% returns (technically even more than that since these companies will be taking some off the top). So you’re also assuming the risk of whatever they have to do to make these returns.

Matt
Matt (@guest_1413718)
July 22, 2022 18:27

Well my SB ($50) posted today. At least I got that back!

Anne
Anne (@guest_1408290)
July 13, 2022 10:09

I lost 15k in this. Just gotta keep going and maybe i’ll get some pennies on the dollar in a few years.

Ted
Ted (@guest_1420681)
August 5, 2022 16:33

I have $25k. I think 66%-70% is about where we end up. Optimistically.