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News by FinTech Collective Archive

Voyager Digital issues default notice to Three Arrows Capital for failing to repay its $660m loan

Sarah Wolter

June 27, 2022

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Sarah Wolter

crypto

Last week, Voyager disclosed it requested 3AC repayment of $25m USDC by June 24, and repayment of the entire balance of USDC and BTC by June 27. Voyager is now saying that 3AC has defaulted, and that it “intends to pursue recovery from 3AC and is in discussions with the Company’s advisors as to legal remedies available,” according to a statement.

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“We are working diligently and expeditiously to strengthen our balance sheet and pursuing options so we can continue to meet customer liquidity demands,” Stephen Ehrlich, chief executive officer of Voyager, said in the release.

https://fortune.com/2022/06/27/voyager-three-arrows-capital-crypto-default-notice/?utm_content=2022062717pm&tpcc=nldatasheet

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More posts by Sarah Wolter

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