4
Three Arrows Capital Defaulted on a $670 Million Loan
source link: https://nextbigwhat.com/three-arrows-capital-defaulted-on-a-670-million-loan/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
NBW News Three Arrows Capital Defaulted on a $670 Million Loan
Crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital stated that the fund failed to repay a loan of $350 million in the U.S. dollar-pegged stablecoin, USDC, and 15,250 bitcoin, worth about $323 million at today’s prices.
Voyager said it intends to pursue recovery from 3AC (Three Arrows Capital). In the interim, the broker emphasized that the platform continues to operate and fulfill customer orders and withdrawals.
I like thisUnlikeUpvoteI dislike thisUndislike
[Via]
Sign Up for NextBigWhat Newsletter
Daily.
Newsletter
First Name
Email address:
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK