Crypto Lender Voyager May Issue A Notice Of Default To 3AC #Crypto #Lender #Voyager #Issue #Notice #Default #3AC Welcome to JibGlobe, here is the new resources we have for you today:
The flood of bad news and insights in this correction cycle just keep coming.
Exchanges are still operating a the decline in confidence is increasing, especially when the possibility of default from venture capital funds is close to reality.
Voyager Digital May Issue Statement
Cryptocurrency broker Voyager Digital (VOYG) said on Wednesday that it may send a “notice of default” to Three Arrows Capital (3AC) if 3AC fails to repay the loan by June 27.
The official statement came amid the 3AC crisis, indicating that Voyager Digital has been going through some financial difficulties and has lately received support from Alameda Research.
Voyager Digital has made the announcement that it has taken out a loan from Alameda Research for the amount of 15,000 BTC in order to cover the expenses that were incurred as a result of losses related to the venture capital business Three Arrows Capital.
According to the press release, in the event that 3AC is unable to meet the subsequent repayments, it is quite possible that Voyager will be required to notify that this investment fund has defaulted.
Currently, 3AC owes Voyager 15,250 BTC and 350 million USDC.
The repayment notices have been sent to the 3AC hedge fund but it seems that due to the downward trend in the market and the collapse of the majority of the investments, the 3AC hedge fund is having a difficult time and is unable to manage the requested repayment.