How much is Voyager exposure to 3AC?

“Voyager exposure to 3AC consists of 15,250 BTC and $350 million USDC.” Voyager Digital, LLC has requested payment of $25 million USDC by June 24 and repayment of the entire balance by June 27. Founded in 2018, Voyager is a US cryptocurrency platform that supports the trading of more than 100 crypto assets.

Will Voyager default on 3AC loan?

Today it requested a loan repayment from troubled proprietary trading Three Arrows Capital (3AC), announcing that it “may issue a notice of default.” Voyager’s exposure to 3AC is in excess of $650 million based on current prices.

What will happen to Voyager digital in Chapter 11?

The bankruptcy filing will protect its three divisions: Voyager Digital Holdings, Voyager Digital LLC, and Voyager Digital, Ltd. Among the companies that file for Chapter 11, around 25% will survive. During the lean times for the shale production market, Chesapeake Energy ( CHK) filed for bankruptcy.

Does Voyager digital have a solvency problem?

Toronto-based digital asset brokerageVoyager Digital has become the latest crypto firm to face solvency issues as a result of the recent crypto crash. Today it requested a loan repayment from troubled proprietary trading Three Arrows Capital (3AC), announcing that it “may issue a notice of default.”