Cryptocurrency broker Voyager Digital has issued a default notice to hedge fund Three Arrows Capital (3AC) due to non-payment of a loan.
According to the press release, the broker has issued a loan to 3AC for 15,250 BTC and 350 million USDC. On June 24, the company asked to close part of the debt in the amount of 25 million USDC, and then demanded to repay the entire loan in BTC and stablecoins by June 27.
Per the platform:
“Voyager intends to recover damages from 3AC and is discussing available remedies with advisors.”
According to the report, Voyager continues to work. As of June 24, 2022, the broker holds about $137 million in fiat currency and digital assets.
On June 22, Voyager Digital agreed with Sam Bankman-Fried’s Alameda Research for a USDC 200 million loan and a 15,000 BTC revolving line of credit. The firm stressed that they still have access to these funds.