 "Voyager")
Crypto broker Voyager Digital said on Monday it had issued a notice of default to hedge fund Three Arrows Capital (3AC) for the fund's failure to make required payments on a loan, in another sign of stress in the embattled crypto industry.
The loan was for 15,250 bitcoin (approximately $324 million) and $350 million worth of USDC, a stablecoin, Voyager said in a statement. It said it intended to pursue recovery from 3AC and was in discussions with its legal advisors concerning the legal remedies available.
Singapore-based 3AC is one of the higher profile crypto companies to have run into difficulties following
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