Crypto broker Voyager Digital issues default notice to Three Arrows Capital

FILE PHOTO: Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture taken June 2, 2021. REUTERS/Florence Lo/Illustration/File Photo

Crypto broker Voyager Digital has issued a notice of default to hedge fund Three Arrows Capital (3AC)for its failure to make required payments on a loan of 15,250 BTC and $350 million USDC, Voyager said in a Monday statement.

The broker said it intended to pursue recovery from 3AC and is in discussions with its legal advisors concerning the legal remedies available.

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