Voyager Digital Serves Three Arrows Capital A Default Notice On Its $650 Million Loan

Voyager Digital Serves Three Arrows Capital A Default Notice On Its $650 Million Loan


Ethereum World News
2022-06-27 12:43:58

Summary: Voyager previously disclosed its exposure to 3AC, worth over $650 million. 3AC’s loan included $350 million in USDC and some 15,250 Bitcoins. Voyager set June 27 as the deadline for repayment. The latest update suggests that the digital asset platform intends to pursue recovery. Voyager secured a revolving credit line from SBF-backed Alameda Research featuring $200 million USD and 15,00 BTC. $75 million has been deployed so far to keep customer withdrawals and redemptions operational. 3AC founders Su Zhu […]