Crypto Hedge Fund Three Arrows Default When Lending, Broker Says Voyager Digital

Cryptocurrency Broker Voyager Digital said hedge fund Three Arrows Capital Ltd. defaulted, failing to make loan payments tied to large bets in the digital currency sector.

Three Arrows borrowed $675 million from Voyager Digital in the form of 15,250 bitcoins and $350 million in Coin, a stablecoin whose value is pegged to the dollar. Earlier, Voyager said it would issue a notice of default if the crypto hedge fund fails to repay the loan by Monday.

https://www.wsj.com/articles/crypto-hedge-fund-three-arrows-defaulted-on-loan-says-broker-voyager-digital-11656336534?mod=rss_markets_main Crypto Hedge Fund Three Arrows Default When Lending, Broker Says Voyager Digital

Luke Plunkett

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