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Voyager loan repayment

Voyager enters into $500M loan agreement with Alameda amid 3AC exposure

Trading platform Voyager Digital takes a loan from trading firm Alameda Research because of its exposure to crypto venture capital firm Three Arrows Capital (3AC).  In a press release by Voyager Digital, the firm announced that it has borrowed 15,000 Bitcoin (BTC) from Alameda to cover the losses that came from its exposure to the 3AC contagion. Voyager also noted that the company might issue a notice of default to 3AC if they fail to pay its loans from Voyager. The firm revealed that 3AC owes the Voyager 15,250 BTC and $350 million USD Coin (USDC) and noted that they have sent requests for repayment to 3AC. The repayment requested involves $25 million to be paid on Friday and payment of the total balance on Monday. If 3AC fails to pay either of the amounts specified, it will be consi...