Voyager Digital Issues Default Notice to Three Arrows Capital Over Unpaid Loan

According to PANews, Voyager Digital has announced that its subsidiary, Voyager Digital LLC, has issued a default notice to Three Arrows Capital (3AC) due to 3AC's failure to repay a previously disclosed loan. The loan includes 15,250 bitcoins and 350 million USDC. Voyager is currently consulting with legal advisors to explore recovery options. Despite the default by 3AC, Voyager assures that its platform continues to process customer transactions and withdrawals normally. As of June 24, the company holds approximately $137 million in cash and owned crypto assets. Additionally, Voyager has access to a $200 million cash and USDC credit line and a 15,000 bitcoin credit line provided by Alameda Ventures, of which $75 million has already been utilized.