- Users of bankrupt Voyager were attempted to be defrauded by hackers.
- Fraudsters gained access to just a few wallets.
- In 30 days, customers withdrew $490 million (80% of available withdrawals).
Voyager Digital Holdings may have been subject to a hack and data breach. The theft likely occurred when the company resumed its withdrawal process, Bloomberg reported.
A lawyer for the bankrupt firm, Darren Azman, said the site may have been hacked while refunding money to customers. In June, Voyager opened up access to the platform for 30 days for users to gain assets. During that period, they withdrew $490 million, or 80 percent of the funds available for withdrawal.
Fraudsters were also interested in clients withdrawing their assets. Attackers have created several phishing sites similar to the official Voyager resource. They offered users to increase their payouts by connecting an asset wallet to a new account. As a result, some customers were victimized by hackers who gained access to cryptocurrency wallets.
Despite the potential threats, Azman added that only a few customers were victimized by the scammers. Commenting on the situation, U.S. Bankruptcy Judge Michael Wiles called the incident a “disgrace” and expressed sympathy for creditors.
The possible security breach has already been reported to law enforcement authorities. An investigation is underway by bankruptcy officials charged with shutting down the firm.
Reminder, Voyager suspended withdrawals and filed for bankruptcy in mid-2022. The liquidation procedure was delayed as the management failed to reach a buyout agreement with Binance.US and FTX.US. In April, the debt owed to creditors reached $1.8 billion.
Users were expected to receive between 36% and 60% of contributions as compensation. Lawyers at McDermott Will & Emery billed Voyager’s committee for more than $16 million in services.
At the time, Voyager’s creditors had to pay more than $16 million.