What this means for anyone who is a customer is that Voyager is having an uproarious laughing session in their private conference rooms at how gullible their cu

What this means for anyone who is a customer is that Voyager is having an uproarious laughing session in their private conference rooms at how gullible their customers are. The FDIC insurance means that Voyager is guaranteed at minimum $250k of its bank account should Metropolitan Commercial Bank. That's $250k for the entire company, not per customer of Voyager [1]--if Voyager held $25m in cash in that account, that's only 1% of its cash accounts that are insured. Of course, how much of an impact that has depends on how much of its assets Voyager actually holds in cash which is likely very little. But as a customer? You have no protection whatsoever. This reassurance is basically saying "we're protected in case of emergency; you're not." [1] It's possible that Voyager is actually the custodian of an account in your name at Metropolitan Commercial Bank, but I think that would require your explicit signature to set up, so I doubt that it's actually in play here.