Voyager Digital Secures Credit Line from Alameda, May Send Three Arrows a Notice of Default
Voyager Digital Holdings, an owner of a crypto platform, announced today that they entered into a multi-million credit line agreement with Alameda Ventures, but also that they may issue a notice of default to major crypto hedge fund Three Arrows Capital (3AC) for failure to repay its loan.Alameda Ventures is a venture capital arm of Alameda Research, a quantitative trading firm and the parent company of the FTX exchange, the CEO of which, Sam Bankman-Fried has been making news over the past several days due to his opinion that the large crypto firms have a responsibility to help out in the time of the crypto market crisis.Per Voyager’s announcement,The company “entered into a definitive agreement with Alameda for a USD 200 million cash and USDC revolver and a BTC 15,000 (USD 304m) revolver.”This confirms the deal reported today.
It comes in addition to FTX providing the crypto lender BlockFi, which could be suffering from issues surrounding the 3AC and its possible insolvency, a “USD 250 million revolving credit facility” package.
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