Voyager Digital has announced that its subsidiary, Voyager Digital LLC, has issued a default notice to Three Arrows Capital (3AC) for failing to repay loans totaling 15,250 bitcoins and 350 million USDC. The company is currently consulting with legal counsel to explore recovery options. Despite the default, Voyager assures that customer transactions and withdrawals remain unaffected.
As of June 24, Voyager reported holding approximately $137 million in cash and crypto assets. The company also has access to a $200 million cash and USDC credit line, along with a 15,000 bitcoin credit line from Alameda Ventures, of which $75 million has been utilized.
Voyager Digital Issues Default Notice to Three Arrows Capital
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