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Three Arrows Capital behind on $666m loan, crypto broker Voyager Digital says
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Crypto broker Voyager Digital said it may issue a notice of default to Three Arrows Capital if the crypto hedge fund fails to make a loan repayment by 27 June.
Voyager Digital said it lent 15,250 bitcoin and $350m in USD Coin to Three Arrows Capital. The company initially asked for a repayment of $25m USD Coin by 24 June and then asked for the entire balance to be paid by 27 June. These loans amount to $666m based on bitcoin’s current price. Neither of these loans has been repaid, it said.
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