Voyager Seeks Bankruptcy as Bankman-Fried Lifeline Fails

The video discusses the financial troubles of Voyager, a crypto trading and lending firm, due to the default of Three Arrows Capital, a hedge fund. Voyager's business model involves taking crypto deposits from retail users and lending them to institutional borrowers like Three Arrows. The default led to Voyager's bankruptcy proceedings. The video also explores the broader contagion risk in the crypto industry, highlighting the interconnectedness of major players and the ripple effects following the collapse of crypto prices, particularly after the Luna and Terra tokens' downfall.

What concerns did Stephen Erlich express regarding Voyager's bankruptcy proceedings?

What are the potential contagion risks associated with Voyager's bankruptcy?