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Voyager Digital has issued a default notice to Three Arrows Capital.
On December 2, news from CoinWorld reported that the encryption platform Voyager Digital announced that its subsidiary Voyager Digital LLC had issued a default notice to Three Arrows Capital (3AC) due to 3AC's failure to repay previously disclosed loans, including 15,250 Bitcoins and 350 million USDC. Voyager is discussing recovery plans with legal advisors. Despite the default by 3AC, Voyager stated that the platform is still processing customer transactions and withdrawals normally. As of June 24, the company held approximately 137 million USD in cash and its own encryption assets, and has access to a 200 million USD cash and USDC credit line provided by Alameda Ventures, as well as a credit line of 15,000 Bitcoins, of which 75 million USD has already been utilized.