According to Mars Finance, cryptocurrency platform Voyager Digital announced that its subsidiary, Voyager Digital LLC, has issued a default notice to Three Arrows Capital (3AC) due to 3AC's failure to repay previously disclosed loans, including 15,250 bitcoins and 350 million USDC. Voyager is consulting with legal counsel to discuss recovery strategies. Despite 3AC's default, Voyager stated that the platform is still processing customer transactions and withdrawals normally. As of June 24, the company held approximately $137 million in cash and its own cryptocurrency assets, and had access to a $200 million cash and USDC credit line and a 15,000 bitcoin credit line provided by Alameda Ventures, of which $75 million has already been utilized.
Voyager Digital has issued a default notice to Three Arrows Capital.
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content
