Tag: 3AC

Cryptocurrency brokerage platform Voyager Digital recently reduced its daily withdrawal limit down to $10,000. That’s a 60% drop from its previous $25,000 limit, prior to its financial problems relating to Three Arrow Capital (3AC). Voyager published its new withdrawal limit on its site in an update on Wednesday. It states that users can withdraw $10,000 within a 24-hour period, with a maximum of 20 withdrawals. The news follows Voyager’s worrying reveal that it had over $700 million in exposure to…

The crypto venture capital firm Three Arrows Capital has now confessed that it’s in deep financial trouble. It is considering selling its assets or getting a bailout by a larger company to stay afloat. Desperate Times for 3AC As reported by the Wall Street Journal, company co-founders Su Zhu and Kyle Davies have confirmed such bailout considerations. They are both speaking with legal and financial advisors to develop a solution for the investors and lenders they owe. Their troubles are…

Three Arrows Capital (3AC), one of the largest crypto venture capital firms, has reportedly stopped communicating with multiple partners for which it manages money. This comes amid growing rumors that the company is insolvent, hastily paying off debts similar to Celsius. Silence From 3AC The first partner to speak out was Danny Yuan, Head of Trading at crypto market maker 8 Blocks Capital. In a Twitter thread on Wednesday, he explained that 3AC had breached an agreement with his firm…