Crypto dealer Voyager Digital lowers day by day withdrawal limits to $10,000
Crypto dealer Voyager Digital Ltd has lowered its day by day withdrawal limits to $10,000 from $25,000, in response to an replace on the corporate’s web site.
The change comes after the corporate on Wednesday stated its subsidiary could difficulty a default discover to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its mortgage.
Voyager didn’t instantly reply to a request for remark.
Voyager’s whole publicity to Three Arrows Capital consists of 15,250 bitcoin (practically $310 million) and $350 million USD Coin (USDC), it stated.
The New Jersey-based firm stated it had initially requested for compensation of $25 million USDC by June 24, and later requested that the complete quantity be repaid by June 27. Nevertheless, neither of these have been repaid, Voyager stated.
Voyager can be discussing authorized treatments obtainable to get well the quantity from the hedge fund, it stated.
Earlier this month, Voyager signed an settlement with Alameda Ventures Ltd for a revolving line of credit score, searching for entry to further capital to satisfy its clients’ liquidity wants as crypto costs take successful.
