Voyager Digital Serves Three Arrows Capital A Default Notice On Its $650 Million Loan

Voyager Digital Serves Three Arrows Capital A Default Notice On Its $650 Million Loan

Summary: Voyager previously disclosed its exposure to 3AC, worth over $650 million.3AC’s loan included $350 million in USDC and some 15,250 Bitcoins.Voyager set June 27 as the deadline for repayment.The latest update suggests that the digital asset platform intends to pursue recovery.Voyager secured a revolving credit line from SBF-backed Alameda Research featuring $200 million USD…

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Crypto Exchange Banxa Cuts Workforce By 30% As Layoffs Continue

Crypto Exchange Banxa Cuts Workforce By 30% As Layoffs Continue

Summary: Banxa CEO Holger Arians informed employees of the slash via email on Monday.Around 70 staff are set to lose their jobs including European Managing Director Jan Lorenc.Arians noted the company has felt the impact of the current market slump and expects the bear cycle could last another 12 months at least.The platform recorded dwindling…

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