crypto broker digital travel said it could issue a notice of default to Three Arrows Capital Ltd. if the crypto hedge fund fails to repay its loan by June 27.
Voyager Digital said it loaned 15,250 bitcoins and $350 million in USD coins to Three Arrows Capital. The company initially requested a refund of US$25 million in parts by June 24, then asked for the full balance to be paid by June 27. These loans amount to $666 million based on the current price of bitcoin. None of these loans have been repaid, he added.