Voyager Digital Lowers Withdrawals Amid Issues with 3AC

Cryptocurrency broker Voyager Digital has lowered its daily withdrawal limits for users as the firm is preparing that its subsidiary may issue a default notice to Three Arrows Capital (3AC), Reuters reports.

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From now on, users can only withdraw up to $10,000 instead of $25,000 on a daily basis. Reuters says Voyager’s total exposure to 3AC includes 15,250 bitcoin (EXANTE: Bitcoin) and $350 million USDC.

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Voyager said it had asked 3AC for repayment by June 27, but hasn’t yet received any response so far. The crypto broker is also reportedly seeking legal remedies.

The Singapore-based hedge reportedly began ghosting its business partners shortly after it had failed to meet commitments to its clients and faced liquidations amid the market crash.

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