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Crypto exchange Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC) for its failure to pay its 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan disclosed in a previous statement. In a market update by Voyager, the exchange noted that it's currently exploring
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Three days ago, Bitcoin.com News reported on the publicly listed company Voyager Digital after the crypto firm announced that it was owed $655 million worth of digital assets. Now according to a press release from Voyager, the company has secured funds from Alameda Ventures in order to get more access
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Apparently, Voyager Digital is out of the woods. The company ran into liquidity issues when Three Arrows Capital failed to pay a huge loan to them. Welcome to another chapter of the crypto death spiral caused by the Terra/ Luna collapse. Who came to the rescue this time? Sam Bankman-Fried’s
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"The 3AC exposure raises survivability questions for VOYG," Chris Allen, an analyst with boutique investment bank Compass Point said in a note to clients Wednesday. "With 3AC contemplating asset sales or a rescue by another firm , it is unclear if the fund will be able to repay its outstanding
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Key takeaways: Sam Bankman-Fried’s Alameda Research has lent Voyager digital 200 million USDC and 15k Bitcoin. The digital assets are meant to safeguard Voyager Digital’s customers’ assets during the current crypto market volatility. The term sheet between Alameda Research and Voyager Digital provides a revolving term of credit facilities expiring December 2024 with
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The loan will be in two parts. The first is a cash/USDC-based credit facility with an aggregate principal amount of $200 million. The second revolving credit facility is for 15,000 BTC. Voyager will only use the credit facilities if needed to safeguard customer assets, the broker said in a statement
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Shares of crypto broker Voyager Digital were downgraded to neutral from buy by boutique investment firm Compass Point, which cited headwinds across the crypto industry and which questioned how the trading platform's retail investors will fare during the market rout. Original Source
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The crypto trading platform said it expects to have liquidity of over $225M after the offering is completed. Source
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The New Jersey Bureau of Securities has issued a cease and desist order against Voyager Digital for selling unregistered securities through its Voyager Earn program.Voyager Digital (VGX) is a centralized, crypto-based staking, trading, and lending platform.The order claims that each of the crypto staking and lending accounts issued through the
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