The reported insolvency of Three Arrows Capital could plunge an already bearish crypto market even lower.
On Monday, crypto broker Voyager Digital said itto Three Arrows Capital as the company failed to make payments on an approximately $675 million loan.
The price of Bitcoin was down 4.5% to $20,062 early on Wednesday morning—after briefly falling below $20,000—but it is likely to drop further if the report is confirmed.Follow me on
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BVI court orders liquidation of Three Arrows Capital: Sky NewsA court in the British Virgin Islands has ordered the liquidation of Three Arrows Capital, according to a report by Sky News.
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Voyager Digital issues default notice against Three Arrows CapitalThe crypto app has issued a default notice against Three Arrows Capital for failure to repay a loan worth more than $650 million.
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Voyager Digital issues notice of default to Three Arrows CapitalVoyager disclosed that the exchange currently has $137 million in cash and crypto and access to the loaned funds provided by Alameda Research.
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Voyager Digital Proceeds with Default Notice Against Three Arrows CapitalVoyager Digital has announced issuing a notice of default to Three Arrows Capital following a failure to meet payments obligations.
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Ailing Crypto Trading Firm Three Arrows Capital Defaults On $675 Million Loan To Voyager DigitalThe crypto brokerage firm is now relying on $75 million from an Alameda Research-issued credit line to process limited withdrawals and is seeking options to recover the funds.
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