Crypto broker Voyager Digital has filed a default notice to Three Arrows Capital (3AC) for failing to pay off more than $650 million in loans.
Voyager Digital released a statement on Three Arrows Capital on Monday. In the statement, there were statements that 3AC was notified of default due to the company’s inability to pay 15,250 BTC and 350 million USDC. Voyager has appointed crypto app Moelis as financial advisor during this process.
The positions of the fund, which was founded in 2012 by Su Zhu and Kyle Davies, were liquidated this month. The fund also suffered significant losses with the collapse of LUNA last month.
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