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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

Voyager
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(Photo: Reuters)

Reuters 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 $324 million) and $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.

Singapore-based 3AC is one of the higher profile crypto companies to have run into difficulties following

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First Published: Jun 27 2022 | 7:07 PM IST

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