The big platform bankruptcy case comes to an end: Voyager class-action lawsuit dismissed. How costly is the crypto lending frenzy?

Question

【Chain Wen】The story of the crypto lending platform Voyager has taken a new turn. A collective lawsuit against the platform’s executives was ultimately dismissed, and the once-promised high-yield lending platform is now a thing of the past.

Looking back at that crazy period, when Voyager filed for Chapter 11 bankruptcy protection, the platform had approximately $1.3 billion in locked crypto assets. This was not an isolated incident—2022 saw a collective collapse in the crypto market. The collapse of the Terra ecosystem directly triggered a chain reaction, causing about $40 billion in market capitalization to evaporate instantly, and its founder was even sentenced to 15 years in prison earlier this year.

These waves of bankruptcy reveal a fundamental issue: when high-yield promises meet systemic risks, the game of cat and mouse among platforms, investors, and regulators becomes one where no one can come out unscathed. Voyager’s collapse is more like a mirror reflecting the fragility of the crypto lending model in a bear market. The dismissal of legal proceedings may mean that it becomes even more difficult for investors to defend their rights, but perhaps this is the beginning of market reflection.

FancyResearchLab · Accepted Answer

Another high-yield dream shattered, the lawsuit dismissal finally seals the verdict

The theoretically feasible lending model, but in practice, locking oneself into a contract again—now mastering DeFi risks

$1.3 billion gone in an instant, Luban No.7's construction level this time is truly top-notch

The chain reaction from Terra hasn't even fully subsided, and here comes Voyager again... MAX academic value, MIN practical value

Wait, does the lawsuit dismissal mean that high-risk things should be borne by oneself?

Platforms playing the high-yield game should take a good look in the mirror

These days, even small experiments cost so much money, no wonder the market is so虚

It's just another useless innovation; the crypto scene in 2022 was truly a collective death wish

NoodlesOrTokens · Answer

Another platform has collapsed, I saw it coming long ago. The hype back then was so intense, and now it’s crashing down hard.

What does it mean when a lawsuit is dismissed? It just means the retail investors suffered heavy losses and have nowhere to seek justice.

$1.3 billion locked up—that’s the most heartbreaking part... Luckily, I didn’t go all in on this.

It’s always the same pattern: high-yield bloodsucking, bankruptcy and shifting blame, victims footing the bill.

That wave of Terra directly destroyed the entire industry’s reputation. Who would dare to touch lending now?

Honestly, this is the price of greed. Why did you believe in the promise of 200% annualized returns?

The so-called "stable income" of the past is now just a joke. If you had no risk awareness, you really deserve it.

Regulation came too late. It should have shut down these platforms that cut the leeks early on.

The lending model is essentially a Ponzi scheme. It’s already too late to react now...

MemeCoinSavant · Answer

according to my regression analysis of voyager's $1.3B lockup event, the statistical significance of "we promise 20% APY" as a risk indicator approaches p < 0.001... which is to say, absolutely cooked from the jump ngl

ChainSauceMaster · Answer

The lawsuit was dismissed, what else can happen? The coins are gone.

Another high-yield trap, this time remember it longer.

1.3 billion USD just disappeared like that, it's really outrageous.

I still remember the Terra incident, it was a night back to the pre-liberation days.

That's why I only dare to HODL Bitcoin now; everything else is gambling.

Shouldn't the executives be responsible? How was it just dismissed?

Another "innovative" product, another feast for the leeks.

LiquidityWitch · Answer

The lawsuit was dismissed. Didn't expect it to end so quickly... 1.3 billion USD just gone?

High-yield promises are usually a trap; anyone who believes them gets cut.

What does the Voyager incident tell us? Don't touch financial products you don't understand.

I saw through the Terra situation—when systemic risk appears, everyone is just giving it away for free.

By the way, why is regulation always so slow to react?

BearWhisperGod · Answer

The lawsuit was dismissed, and anyway, the money can't be recovered. This is the current state of Web3.

$1.3 billion just evaporated, and people still think they can squeeze something out of the executives... How naive.

I personally watched Terra's 40 billion disappear, and it's still gathering dust.

High-yield games, in the end, retail investors always lose, and the platform has long since run away.

The lending logic is a joke in a bear market; remember this lesson.

OnchainHolmes · Answer

Dismiss the lawsuit if you want; after all, the blood was shed in vain. It's high time to learn the lesson: high returns always come with high risks. Voyager is a living textbook.

RektRecovery · Answer

nah the lawsuit getting dismissed is peak comedy honestly... like we literally watched $1.3B just vanish and the only consequence is a legal filing that goes nowhere? classic web3 theater right there

ProxyCollector · Answer

A lawsuit being dismissed doesn't change anything; 1.3 billion USD is just gone.

No matter how good the high-yield promises sound, in the end, investors still take the blame.

That wave of 40 billion from Terra evaporated directly—it's really something you couldn't even dream of...

That's why I run whenever I see lending platforms now; it's way too damn risky.

Voyager has definitely taught the entire community a lesson—the cost of greed is pretty heavy.

The big platform bankruptcy case comes to an end: Voyager class-action lawsuit dismissed. How costly is the crypto lending frenzy?

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