The Singapore-based cryptocurrency hedge fund – Three Arrows Capital – has reportedly been ordered into liquidation following the downturn of the market and the challenges it faced recently., a court in the British Virgin Islands has ordered Three Arrows Capital into liquidation.
Citing sources familiar with the matter, the report argues that the “liquidation would be a significant moment in the current unraveling of the cryptocurrency sector, which has grown at breakneck speed in recent years.”Asearlier, one of the creditors is Voyager Digital. The company previously disclosed exposure to the extent of some $500 million to Three Arrows Capital and also stated that it’s “unable to assess the amount it will be able to recover.
Meanwhile, the broader cryptocurrency market took a beating on Wednesday and is down some $60 billion over the past 48 hours. At the time of this writing, BTC is trading at slightly above $20,000 in anticipation of important releases such as the GDP quarter-over-quarter for Q1, as well as the speech of the Chairman of the Federal Reserve – Jerome Powell, which is scheduled for later today.
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Voyager Digital issues notice of default to Three Arrows CapitalVoyager disclosed that the exchange currently has $137 million in cash and crypto and access to the loaned funds provided by Alameda Research. ezrareguerra Froginutoken 🐸X100🐸X1000🐸!. ezrareguerra In a market update by Voyager, the exchange noted that it's currently exploring 'legal remedies' that are available with its advisors and is aiming to pursue the recovery of its funds from 3AC. ezrareguerra is anyone surprised? I'm not.
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Voyager Digital Proceeds with Default Notice Against Three Arrows CapitalVoyager Digital has announced issuing a notice of default to Three Arrows Capital following a failure to meet payments obligations.
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Three Arrows Capital receives a notice of default for failure to make required paymentsVoyager Digital Ltd. made the announcement today, June 27, that its operational subsidiary, Voyager Digital LLC, has filed a notice... Continue reading
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