The Business Times
business-time-50

Crypto broker Voyager Digital issues default notice to Three Arrows Capital

google-preferred-sourceAdd BT as a preferred source
Published Mon, Jun 27, 2022 · 08:50 PM
    • Three Arrows Capital (3AC) has failed to make required payments on a loan of 15,250 BTC and $350 million USDC, Voyager Digital has said.
    • Three Arrows Capital (3AC) has failed to make required payments on a loan of 15,250 BTC and $350 million USDC, Voyager Digital has said. FILE PHOTO: REUTERS

    CRYPTO broker Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC)for its failure to make required payments on a loan of 15,250 BTC and $350 million USDC, Voyager said in a statement on Monday (Jun 27).

    The broker said it intended to pursue recovery from 3AC and is in discussions with its legal advisors concerning the legal remedies available. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Hedge fundsCryptocurrencies

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More