[Coin World] A subsidiary of Voyager Digital has just issued a default notice to Three Arrows Capital - in plain terms, it means that 3AC cannot repay its debts. How much do they owe? 15,250 Bitcoins, plus 350 million USDC. This number would make anyone's heart race. Now Voyager is discussing with their legal team on how to recover the funds.
However, the platform confidently stated: Don’t panic, user transactions and withdrawals will proceed as usual. They also hold some trump cards - as of June 24, there was approximately 137 million USD in cash plus their own crypto assets on the books. More importantly, Alameda Ventures has opened a large credit line: 200 million USD in cash and USDC, plus an additional 15,000 Bitcoins. Currently, 75 million USD has already been used for emergency purposes.
This ultimately proves the old saying: the lending market is deep, and anyone who plays with leverage will fall. The 3AC crash this time has made the entire crypto lending circle tense.
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New_Ser_Ngmi
· 12-02 07:30
3AC really has gone bust this time, dumping so much BTC and USDC at once, Voyager is also having a tough time.
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PebbleHander
· 12-02 07:24
3AC really crashed this time, 15250 Bitcoins, how much is that, my goodness.
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token_therapist
· 12-02 07:22
3AC really messed up this time, 15,250 BTC... How long will it take to recoup investment?
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WhaleInTraining
· 12-02 07:02
3AC really messed this up, 15,250 Bitcoins, how much is that...
Voyager sent a default notice to 3AC: 15,250 BTC and 350 million USDC went down the drain?
[Coin World] A subsidiary of Voyager Digital has just issued a default notice to Three Arrows Capital - in plain terms, it means that 3AC cannot repay its debts. How much do they owe? 15,250 Bitcoins, plus 350 million USDC. This number would make anyone's heart race. Now Voyager is discussing with their legal team on how to recover the funds.
However, the platform confidently stated: Don’t panic, user transactions and withdrawals will proceed as usual. They also hold some trump cards - as of June 24, there was approximately 137 million USD in cash plus their own crypto assets on the books. More importantly, Alameda Ventures has opened a large credit line: 200 million USD in cash and USDC, plus an additional 15,000 Bitcoins. Currently, 75 million USD has already been used for emergency purposes.
This ultimately proves the old saying: the lending market is deep, and anyone who plays with leverage will fall. The 3AC crash this time has made the entire crypto lending circle tense.