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On August 19, according to Irans Tasnim News Agency, Iranian Armed Forces Chief of Staff Ali Abdollahi issued a statement warning countries on the southern shore of the Persian Gulf not to provide any assistance to the US military "in any way," stating that any aid to the US military would be considered participation in military operations against Iran. In the statement, Abdollahi said that Iran is closely monitoring US military bases in the region and warned countries hosting US troops not to facilitate US military operations. Abdollahi said, "Those countries on the southern shore of the Persian Gulf that issue various statements claiming they will not allow the US to use their territory to attack Iran should understand that nothing escapes our notice."Ukraines anti-corruption agency has uncovered a group comprised of the deputy head of the presidential office and a former member of parliament who legalized funds intended for bail payments in energy corruption cases.The Eurozones labor costs rose 3.1% year-on-year in the second quarter, up from 3.20% in the previous quarter.On August 19, it was reported that, with the approval of the State Council, the Peoples Bank of China and the Reserve Bank of Australia recently renewed their bilateral currency swap agreement. The swap size was increased from the original 200 billion yuan/41 billion Australian dollars to 220 billion yuan/46 billion Australian dollars. The agreement is valid for five years and can be extended with the consent of both parties. The renewal and expansion of the bilateral currency swap agreement will help deepen monetary and financial cooperation between the two countries, facilitate bilateral trade and investment, and maintain financial market stability.The final reading of the Eurozones core CPI annual rate for July was 2.2%, unchanged from the previous reading.

Crypto lender Voyager Digital gets approval to return $270 million to customers

Alice Wang

Aug 05, 2022 15:16

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Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the U.S. Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


Voyager Digital Holdings Inc., a cryptocurrency company, has been granted permission by the US Bankruptcy Court in New York to restore $270 million in client funds, the Wall Street Journal reported on Thursday.


According to the Journal, Judge Michael Wiles, who is in charge of Voyager's bankruptcy, said the firm had "sufficient grounds" to back up its claim that clients should be given access to the custodial account kept at Metropolitan Commercial Bank.


The business did not immediately respond to requests for comment.


Voyager, one of several businesses that struggled after the widespread turbulence on the cryptocurrency market, filed for Chapter 11 last month.


Voyager reported that it had between $1 billion and $10 billion in assets and liabilities, as well as over 100,000 creditors, in its bankruptcy case.


The Federal Reserve and the Federal Deposit Insurance Corp (FDIC) issued an injunction to the firm last week directing it to stop making "false and misleading" promises about the government's protection of its clients' cash.


The firm only had a bank account at Metropolitan Commercial Bank, according to the authorities, and none of the investors using its platform were covered by the FDIC.


During the COVID-19 epidemic, cryptocurrency lenders like Voyager saw a surge in business, luring depositors with high interest rates and convenient access to loans that conventional banks seldom ever gave. Lenders have suffered from the recent decline in cryptocurrency markets, which was brought on by the failure of two significant tokens in May.

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