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Hm.. interesting. In their medium article linked below they say the funds are safe even in case of the failure of the company not just their bank partner, but o
by spyder 4y ago
Hm.. interesting. In their medium article linked below they say the funds are safe even in case of the failure of the company not just their bank partner, but on their website in the same text the "company failure" is not there. (and even just saying "company" in the article is a little vague because they don't say which company):
"Through our strategic relationships with our banking partners, all customers’ USD held with Voyager is now FDIC insured. That means that in the rare event your USD funds are compromised due to the _company_ or our banking partner’s failure, you are guaranteed a full reimbursement (up to $250,000)."
https://invest-voyager.medium.com/usd-held-with-voyager-is-now-fdic-insured-5165343aa554 https://invest-voyager.medium.com/usd-held-with-voyager-is-n...
https://www.investvoyager.com/blog/voyager-is-now-fdic-insured/ https://www.investvoyager.com/blog/voyager-is-now-fdic-insur...
- ww520 4y agoThey were misrepresenting their FDIC status if they were claiming FDIC covering their company's failure. They might be cleaning their language to avoid legal problems.
- tim333 4y agoThis article (https://amycastor.com/2022/07/02/who-had-voyager-digital-next-in-the-defi-dead-pool/ https://amycastor.com/2022/07/02/who-had-voyager-digital-nex...) says they'd convert any USD you sent them to USDC which are not insured.