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I'm not an expert at all either, just mildly interested how this will play out. I don't have any money in it. There is an ongoing discussion about it on the Vo

by smoe 4y ago

I'm not an expert at all either, just mildly interested how this will play out. I don't have any money in it. There is an ongoing discussion about it on the Voyager subreddit https://www.reddit.com/r/Invest_Voyager/comments/vp8kdq/preparing_for_the_inevitable_fdic_claims/ https://www.reddit.com/r/Invest_Voyager/comments/vp8kdq/prep... Some people there say they have called the FDIC, but the response they have gotten is that the insurance only kicks in if the Metropolitan Commercial Bank fails. I have no idea what happens to the customer accounts at the bank in case of a Voyager bankruptcy. E.g. if they can be used to cover voyagers debt or have to be handed over to the customers.

jcranmer 4y ago
> I have no idea what happens to the customer accounts at the bank in case of a Voyager bankruptcy. E.g. if they can be used to cover voyagers debt or have to be handed over to the customers. Most likely, the customers are unsecured creditors to Voyager, which means they're at the back of line for getting claims on those assets.