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Three Arrows is the “default” = crypto asset brokerage Voyager

Summary by Ground News
Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) for its failure to pay its 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan disclosed in a previous statement. The exchange noted that it's currently exploring "legal remedies" that are available with its advisors. Voyager disclosed that the firm has $137 million in cash and crypto as of June 24, 2022.
2 months ago

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Reuters

Three Arrows is the “default” = crypto asset brokerage Voyager

[香港 27日 ロイター] - 暗号資産(仮想通貨)取引仲介のボイジャー・デジタルは27日、仮想通貨ヘッジファンドのスリーアローズ・キャピタル(シンガポール)から融資の返済が履行されないとして、同ファンドにデフォルトを通告したと発表した。 融資の内訳は1万5250ビットコイン(約3億2400万ドル)とステーブルコイン「USDコイン(USDC)」3億5000万ドル相当。同ファンドに回収を求めていく考えで、法的救済策を巡り法務アドバイザーらと協議しているとした。 米紙ウォール・ストリート・ジャーナル(WSJ)は最近、スリーアローズが資産売却や他社への身売りなどの選択肢を検討していると伝えていた。 ボイジャーは会社ウェブサイトで先週、資金引き出し上限額の1日2万5000ドルから1万ドルへの引き下げを発表。27日の発表では、運営と顧客注文処理は続けており、資金引き出しにも対応しているとした。

2 months ago·United Kingdom
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The Washington Post

Crypto hedge fund Three Arrows Capital in default on $665 million loan

2 months ago·Washington, United States
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Financial Post

Crypto broker Voyager Digital issues default notice to Three Arrows Capital

HONG KONG -- Crypto broker Voyager Digital said on Monday it had issued a notice of default to hedge fund Three Arrows Capital (3AC) for the fund's failure to make required payments on a loan, in another sign of stress in the embattled crypto industry. Read More

2 months ago·Canada
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Business Standard

Crypto broker Voyager Digital issues default notice to Three Arrows Capital

Singapore-based 3AC is one of the higher profile crypto companies to have run into difficulties following crypto markets' selloff in recent months

2 months ago·India
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Forbes

Ailing Crypto Trading Firm Three Arrows Capital Defaults On $675 Million Loan To Voyager Digital

The crypto brokerage firm is now relying on $75 million from an Alameda Research-issued credit line to process limited withdrawals and is seeking options to recover the funds.

2 months ago·United States
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Cointelegraph

Voyager Digital issues notice of default to Three Arrows Capital

Voyager announced that it’s exploring possible legal remedies to pursue the recovery of its funds from Three Arrows Capital.

2 months ago
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Bias Distribution

63% of the sources are Center
The Washington Post
Reuters
Forbes
Cointelegraph
Fortune
Coin Desk
Financial Post
Business Standard
13%
C 62%
R 25%
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