Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

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.

BTC6.13%
USDC-0.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
New_Ser_Ngmivip
· 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.
View OriginalReply0
PebbleHandervip
· 12-02 07:24
3AC really crashed this time, 15250 Bitcoins, how much is that, my goodness.
View OriginalReply0
token_therapistvip
· 12-02 07:22
3AC really messed up this time, 15,250 BTC... How long will it take to recoup investment?
View OriginalReply0
WhaleInTrainingvip
· 12-02 07:02
3AC really messed this up, 15,250 Bitcoins, how much is that...
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)