The cryptocurrency market crisis in 2022 affected several industry players, but the situation on Voyager became an especially alarming point. During the company's bankruptcy payments, news broke on Twitter that customer information had been stolen by hackers.
Voyager, which was hit hard by the terraUSD (UST) slump last year, faced concerns as early as June 2022, when it was revealed that Three Arrows Capital (3AC) had defaulted on a significant amount of loans. This was just the beginning of a series of unfortunate events that culminated in an alleged leak of customer information.
»*VOYAGER BANKRUPTCY MAY HAVE BEEN HACKED TO GET CUSTOMER DATA
— Tree News (@News_Of_Alpha) August 1, 2023
Customers affected by the company's bankruptcy began to report fraud during payments. Sensitive customer information, including banking details and personal identification, was apparently compromised.
Voyager's lawyers acted quickly, reporting the possible hack to security forces. They expressed their concern about the impact this breach could have not only on affected customers, but also on public perceptions of cryptocurrency security.
While the cryptocurrency world is still reeling from recent challenges, the situation at Voyager underscores the continued need for vigilance regarding data security and integrity. O cryptocurrency market has been notorious for its ups and downs, and this recent spate of issues underscores the importance of robust security measures.
The impact of this incident on trust in Voyager, and by extension the cryptocurrency market as a whole, is yet to be determined. What is clear is that this event raises vital questions about security, liability and the need for stricter regulations in the cryptocurrency industry.