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Crypto hedge fund Three Arrow Capital defaults on $670 million loan as liquidity dies up across the sector

1 month ago   |   By Business Insider

Bitcoin neon signs graphic Getty Images
Three Arrow Capital defaulted on a $670 million loan Monday, according to Voyager Digital.
The loan was comprised of roughly 15,000 bitcoin and $350 million worth of the stablecoin USDC.
Voyager said it planned to recover funds from 3AC and that its platform hasn't been affected.
Cryptocurrency hedge fund Three Arrow Capital defaulted on a $650 million loan Monday, according to lender Voyager Digital. The loan is comprised of roughly 15,000 bitcoin and $350 million worth of the stablecoin USDC. The failure to pay is the latest blow to the hedge fund...
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Voyager Digital issues default notice to Three Arrows Capital for failing to repay its $660 million loan

1 month ago   |   By Fortune

The crypto brokerage has accessed $75 million from its multimillion-dollar line of credit from Alameda Research, the company said on Monday.
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