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Voyager's 60% share price plunge leads sea of red for crypto stocks
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A 60% plunge of Voyager Digital’s (VYGVF) share price since it disclosed its Three Arrows Capital (3AC) exposure has been accompanied by further falls in crypto industry stocks.According to data from trading view, VYGVF plunged as much as 60% during regular trading hours on June 22 before closing at $0.5998 to mark a drop of 50.84% for the day.The sharp drop followed Voyager Digital disclosing that the potentially insolvent Three Arrows Capital (3AC) owes the company 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) worth around roughly $660 million in total.
Voyager has given 3AC until Friday (June 24) to pay $25 million, and until the following Monday (June 27) to pay full the amount before the loan will be considered in default.
Read more on cointelegraph.comAbout this in other media
Voyager Limited, Binance Scores Ronaldo, New Bitcoin Bridge, 'Brutal' Singapore + More News cryptonews.com /3 days ago
Three Arrows Capital behind on $666m loan, crypto broker Voyager Digital says fnlondon.com /4 days ago
Voyager enters into $500M loan agreement with Alameda amid 3AC exposure cointelegraph.com /4 days ago
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