Cryptocurrency Broker Voyager Digital Suspends Trading Due to Attack

Voyager Digital has been forced to suspend trading on Monday after a cyberattack compromised the exchange system.

December 29, 2020 | AtoZ Markets – Voyager Digital, a Canadian-listed digital asset broker has become the latest victim of cyberattacks. On Monday, Voyager Digital suspended trading to secure traders after a DNS server attack.

Voyager Digital suffers cyberattack

According to company representatives, the cyberattack compromised the exchange system but did not affect users’ funds or personal data. Voyager has apologized to its clients and requested them to exercise patience as they are working to be back online in 24 hours.

The broker also said that it will provide detailed information to the clients after inspection.

“Voyager would like to thank you for your patience while our system is offline. We detected a threat to our system, and as part of our process and procedures to secure funds and customer information, we promptly shut down the system. We want to reiterate that no funds or personal information were compromised. To ensure the on-going safety of customer funds and information, we anticipate it will take us approximately 24-hours to get the app back online,” the broker mentioned on Twitter.

$200 million in assets

The Voyager Digital trading platform was launched in 2017 and offers commission-free trading in Bitcoin and other cryptocurrencies.

In July, the company reported $1.1 million in revenue for the current fiscal year. As a reminder, in October Voyager acquired the regulated French cryptocurrency exchange LGO.

Earlier, the crypto-asset broker announced milestone growth, surpassing $200 million in assets under management (AUM), up 100% from $100 million at the beginning of November, and up 40x in the past 12 months. This accelerated growth in AUM is led by unprecedented levels of net daily deposits, with over $50 million in total net daily deposits since the beginning of November, and averaging nearly $1 million of average net daily deposits for this same period.

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