Voyager Digital issues default notice against Three Arrows Capital By AJRummer
"We are working diligently and expeditiously to strengthen our balance sheet and pursuing options so we can continue to meet customer liquidity demands," CEO Stephen Ehrlich said in the statement.Singapore-based 3AC had its positionsthis month after it failed to meet margin calls. The fund, which was founded in 2012 by former classmates Su Zhu and Kyle Davies, faces significant losses following last month's collapse of the Terra ecosystem and its native luna token.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Andrew is Executive Editor for The Block Pro, based in London. He was previously Managing Editor at Bloomberg News and led special projects at Finimize. Follow him on Twitter at @AJRummer.
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