Money For the Rest of Us

What Happens If Your Brokerage Firm Goes Bankrupt?


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How protected are you if the brokerage firm where you hold your stocks, bonds, and crypto assets files for bankruptcy? Why you shouldn't store your crypto assets with an online broker.

Topics covered include:

  • How traditional brokerage firms protect their client assets in case of bankruptucy
  • How cryptocurrency brokers, such as Voyager, mistreat their clients in bankruptcy proceedings
  • What is the safest way to hold cryptocurrency


For more information on this episode click here.

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Show Notes

Voyager To Acquire Circle Invest Retail Digital Asset Business From Circle Internet Financial—Cision

Welcome, Circle Invest! Voyager Acquires Circle Invest's Retail Customers—Voyager

Crypto lender Voyager Digital files for bankruptcy by Shivam Patel, Sinead Cruise, and Tom Wilson—Reuters

Crypto lender Voyager addresses customer anger in first bankruptcy hearing by Dietrich Knauth—Reuters

If a Brokerage Firm Closes Its Doors—FINRA

Crypto Broker Voyager Digital Says Three Arrows Capital Hasn’t Repaid $666 Million in Loans by Vicky Ge Huang—The Wall Street Journal

From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors down with it by MacKenzie Sigalos—NCBC

Ropes & Gray

Update on Customer USD and Crypto—Voyager

Investors lament potentially lost ‘millions’ on Voyager bankruptcy by Brian Quarmby—Cointelegraph

Coinbase Quarterly Report

CFTC Charges MF Global Inc., MF Global Holdings Ltd., Former CEO Jon S. Corzine, and Former Employee Edith O’Brien for MF Global’s Unlawful Misuse of Nearly One Billion Dollars of Customer Funds and Related Violations—Commodity Futures Trading Commission

Related Episodes

387: Why Most Money Fails

392: What Is Money and How to Use It

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Money For the Rest of UsBy J. David Stein

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