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