Crypto Broker Voyager Digital Issues Default Notice to Three Arrows Capital
KONTAN.CO.ID - 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.
The loan was for 15.250 bitcoin (approximately US$ 324 million) and US$ 350 million worth of USDC, a stablecoin, Voyager said in a statement. It said it intended to pursue recovery from 3AC and was in discussions with its legal advisors concerning the legal remedies available.
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