Tagged: 3ac

Ugly. Three Arrows Capital (3AC) Liquidation Document Revealed

Three Arrows Capital (3AC) is shouldering part of the blame for the crypto contagion that has wreaked havoc on digital asset markets. The crypto hedge fund stumbled, and then imploded when crypto valuations rapidly declined – most dramatically represented by the collapse of TerraUSD/LUNA, an… Read More

Voyager Digital Goes Bust, Files for Bankruptcy Protection Due to Crypto Contagion

Voyager Digital (TSX: VOYG) (OTCQX: VYGVF), a digital asset trading platform, has filed for bankruptcy following a difficult couple of weeks for the company. Voyager is emblematic of crypto contagion fears as counter-party risk has caused several firms to pause operations or, in this case,… Read More

Uncollateralized Cryptocurrency Loans a “Ticking Time Bomb,” Huobi Research Institute Reports

The recent insolvency of hedge fund Three Arrows Capital (3AC) has not only led to a “cascade” of liquidity crises in the crypto industry, but also “shone a light on the significant risk posed by uncollateralized crypto loans,” according to a report by Huobi Research… Read More

Crypto Contagion: Voyager Halts All Withdrawals, Hires Law Firm, Advisors

Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF) has issued a statement indicating they have halted all withdrawals due to the collapsing crypto market. Voyager stated that as of 2PM today all trading, deposits, withdrawals and loyalty rewards have been suspended. Stephen Ehrlich, Chief Executive Officer of… Read More

Three Arrows Capital Forced Into Liquidation: Report

Three Arrows Capital (3AC), a large crypto hedge fund that held $10 billion in assets at one point, has been forced into liquidation according to a report. Earlier this week, Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF), a digital asset firm that lent over $650 million to… Read More

Three Arrows Capital Defaults on Payments, Voyager Digital Says it Will Pursue Recovery

Three Arrows Capital (3AC) has defaulted on a $670 million loan. Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF) , a digital asset firm that had previously warned it had exposure to 3AC in regards to 15,250 Bitcoin (~$308 million) and $350 million (USDC) for over $650… Read More

Crypto Broker Broker Voyager Reportedly Sets Limits on Customer Withdrawals

Digital asset brokerage firm Voyager Digital Ltd. (TSX: VOYG) is reportedly limiting client withdrawals via its platform to $10,000 and to 20 transfers during a 24-hour timeframe. The New York-headquartered company, which secured $485 million in loans during the last week from Alameda Research in… Read More

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