TechFlow news — Crypto broker Voyager Digital has announced it has issued a default notice to Three Arrows Capital for failing to repay previously disclosed loans of 15,250 BTC and $350 million in USDC.
Voyager Digital plans to seek compensation from Three Arrows Capital and is currently discussing available legal remedies with its advisors. The company has engaged Moelis & Company as its financial advisor.
Voyager Digital stated that its platform will continue normal operations, processing customer orders and withdrawals. As of June 24, 2022, Voyager Digital held approximately $137 million in cash and crypto assets. The company also retains access to its previously announced revolving credit facility from Alameda Ventures.
As previously reported, Voyager Digital's subsidiary VDH entered into a definitive agreement with Alameda for a revolving credit facility consisting of $200 million in cash and USDC, and 15,000 BTC.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
