The crypto brokerage firm is now relying on $75 million from an Alameda Research-issued credit line to process limited withdrawals and is seeking options to recover the funds.
reaching $21,215. It loaned the funds, largely made of customer deposits, to 3AC to generate income and pay the up to 12% interest fees it offers to customers.from 3AC by June 24 before subsequently requesting the entire USDC and BTC balance by today, June 27, last week.
As of this morning, Voyager still holds $137 million in cash and assets, according to a company statement. They also have access to $200 million in cash and USDC and 15,000 bitcoin credit line from Alameda Research, a quantitative trading firm launched by FTX CEO Sam Bankman-Fried. The company accessed $75 million of the funds and may “continue to make use of the Alameda facilities to facilitate customer orders and withdrawals, as needed,” per the statement.
Withdrawals on Voyager continue to be limited to $10,000 a day, down from $25,000 before the initial 3AC potential notice of default, and 20 transactions per 24 hour period, according to its"We are working diligently and expeditiously to strengthen our balance sheet and pursuing options so we can continue to meet customer liquidity demands," CEO of Voyager Stephen Ehrlich said in the statement.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Australian crypto trading firm Banxa to lay off almost a third of its staff: AFRBanxa's CEO reportedly said the firm grew too quickly and must now reduce the number of employees to cope with the crypto bear market.
Weiterlesen »
Indian Crypto Excange CoinDCX Extends Withdrawal Restrictions to Meet Compliance Requirements Indian Crypto Trading Platform CoinDCX Says Withdrawal Restrictions Extended to Meet Enhanced Compliance RequirementsAlthough crypto winter is here, investors should not worry as their funds are safe with the platform, the company said. Although crypto winter is here, investors should not worry as their funds are safe with the platform, the company said.
Weiterlesen »
Crypto exchange Bitget plans to double workforce to 1,000 over next six monthsBitget, which offers its users crypto copy trading, has been experiencing growth and generating strong cash flow amid less-than-perfect market conditions.
Weiterlesen »
Does Crypto Investment Need to Be Regulated?Major financial institutions like Fidelity are allowing you to invest your retirement savings into crypto.
Weiterlesen »
Swan Bitcoin CEO against crypto lenders: Users are way under-compensated for the riskCelsius facing insolvency issues might be new, but coryklippsten saw some red flags before many. We sat with the founder of SwanBitcoin to discuss the recent market collapse, Terra, Celsius, 3AC, and much more.
Weiterlesen »
Crypto Market Cap Nears $1 Trillion as BTC Reclaims $21K (Market Watch)The crypto market cap is close to $1 trillion once again, as bitcoin has remained above $21,000.
Weiterlesen »