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HomeBusinessCrypto Broker Voyager Digital Lowers Daily Withdrawal Limits To $10,000

Crypto Broker Voyager Digital Lowers Daily Withdrawal Limits To $10,000

Crypto dealer Voyager Digital lowers each day withdrawal limits to $10,000

Crypto dealer Voyager Digital Ltd has lowered its each day withdrawal limits to $10,000 from $25,000, in response to an replace on the corporate’s web site.

The change comes after the corporate on Wednesday mentioned its subsidiary could problem a default discover to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its mortgage.

Voyager didn’t instantly reply to a request for remark.

Voyager’s whole publicity to Three Arrows Capital consists of 15,250 bitcoin (practically $310 million) and $350 million USD Coin (USDC), it mentioned.

The New Jersey-based firm mentioned it had initially requested for compensation of $25 million USDC by June 24, and later requested that all the quantity be repaid by June 27. However, neither of these have been repaid, Voyager mentioned.

Voyager can also be discussing authorized treatments obtainable to get better the quantity from the hedge fund, it mentioned.

Earlier this month, Voyager signed an settlement with Alameda Ventures Ltd for a revolving line of credit score, in search of entry to extra capital to satisfy its clients’ liquidity wants as crypto costs take a success.

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