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Voyager Digital Halts Trading and Withdrawals After Three Arrows Capital Default

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Voyager Digital Halts Trading and Withdrawals After Three Arrows Capital Default

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Citing "current market conditions,” the embattled crypto trading platform has paused all customer activity.

However, the recent implosion of Terra (LUNA) and the UST stablecoin apparently dealt a significant blow to the fund, and other lenders like BitMEX, Finblox, and Deribit have taken measures to minimize losses and recoup debts.

On Wednesday, a court in the British Virgin Island ordered the Singapore-based Three Arrows Capital to liquidate its assets to repay debts and financial obligations.


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Article Details

Author / Journalist: Andrew Hayward

Category: Crypto

Topics: BTC Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 20:53:13

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Reading Time: 3 minutes read

Article Length: 500 words

Coverage Area: Estonia

Availability: Desktop Web, Mobile Web

News ID: 26012

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About Decrypt

Decrypt Logo

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 11 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 12h ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #63

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