Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi ...

Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi ...

Traders brace for more bad news after headlines revealed that Voyager Digital had lent $655 million to Three Arrows Capital. Is another crypto market sell-off on the way? The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet its financial obligations on June 15 and this caused severe impairments among centralized lending providers like Babel Finance and staking providers like Celsius.On June 22, Voyager Digital, a New York-based digital assets lending and yield company listed on the Toronto Stock exchange, saw its shares drop nearly 60% after revealing a $655....


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Voyager Files for Bankruptcy Citing Contagion in Crypto Markets, Three Arrows...

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Voyager enters into $500M loan agreement with Alameda amid 3AC exposure

Voyager announced that Three Arrows Capital owes the firm 15,250 BTC and $350 million USDC. Trading platform Voyager Digital takes a loan from trading firm Alameda Research because of its exposure to crypto venture capital firm Three Arrows Capital (3AC). In a press release by Voyager Digital, the firm announced that it has borrowed 15,000 Bitcoin (BTC) from Alameda to cover the losses that came from its exposure to the 3AC contagion. Voyager also noted that the company might issue a notice of default to 3AC if they fail to pay its loans from Voyager. The firm revealed that 3AC owes the....

Voyager Digital Files For Bankruptcy

Voyager files for Chapter 11 bankruptcy due to their large exposure to Three Arrows Capital as the contagion continues to spread across the market.

BlockFi And Voyager Get Bailed Out By FTX

As contagion spreads, FTX loans out hundreds of millions to two of the largest yield-generating shops in the space. What does this mean for BlockFi and Voyager?

Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts

Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash via an automated clearing house (ACH) transfer. Voyager Digital Plans to Open the Withdrawal Gates and Limit Customers to $100K ACH Transfers on August 11 Last month, on July 1, Voyager Digital suspended trading, deposits, and withdrawals, and a week later, the company officially filed for....