{"id":469615,"date":"2022-07-01T23:43:14","date_gmt":"2022-07-01T20:43:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/voyager-digital-freezes-trading-deposits-withdrawals-and-rewards-blames-3ac-default\/"},"modified":"2022-07-01T23:43:14","modified_gmt":"2022-07-01T20:43:14","slug":"voyager-digital-freezes-trading-deposits-withdrawals-and-rewards-blames-3ac-default","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/voyager-digital-freezes-trading-deposits-withdrawals-and-rewards-blames-3ac-default\/","title":{"rendered":"# Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a23e55d7c029\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a23e55d7c029\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/voyager-digital-freezes-trading-deposits-withdrawals-and-rewards-blames-3ac-default\/#%E2%80%9D_Voyager_Digital_freezes_trading_deposits_withdrawals_and_rewards_blames_3AC_default_%E2%80%9C\" >&#8221; Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Voyager_Digital_freezes_trading_deposits_withdrawals_and_rewards_blames_3AC_default_%E2%80%9C\"><\/span>&#8221; Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNmEzODdiYjEtMzE0ZS00N2YxLTllOWEtMmJmNjMxMzQ2ZDZlLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Cryptocurrency exchange Voyager Digital announced Friday that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. \u201cThe failure of a borrower, Three Arrows Capital, to repay a substantial loan from us makes this the right path forward,\u201d Voyager Digital CEO Stephen Ehrlich said on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> soon after the service suspension went into effect.\u00a0<\/p>\n<p>\u201cThis decision, while far from optimal, will give us time to work to strengthen our balance sheet, a necessary condition to protect assets and preserve the future of the Voyager platform we have built together,\u201d Ehrlich continued. A statement issued by the company <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/voyager-digital-provides-market-184400883.html\">said<\/a> it has engaged Moelis &amp; Co. and the Consello Group as financial advisers, and Kirkland &amp; Ellis as legal advisers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Voyagers, today we made the difficult decision to temporarily suspend trading, deposits, withdrawals, and loyalty rewards. Read more at: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bpGFqQtjAs\">https:\/\/t.co\/bpGFqQtjAs<\/a><\/p>\n<p>\u2014 Stephen Ehrlich (@Ehrls15) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Ehrls15\/status\/1542943887899123718?ref_src=twsrc%5Etfw\">July 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nVoyager Digital issued a notice of default to Three Arrows Capital, also known as 3AC, on Wednesday after the Singaporean crypto hedge fund failed to repay a 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) loan. Voyager gave assurances at the time that it would continue operations. The exchange explained that it had accessed $75 million of a revolving loan of 15,000 BTC it had taken out from Alameda Research to cover its exposure to the loans 3AC was unable to repay. It also said it had $137 million in cash and crypto on hand.<\/p>\n<p><strong><em>Related: Singapore reprimands 3AC for providing false information<\/em><\/strong><\/p>\n<p>A court in the British Virgin Islands reportedly ordered the liquidation of 3AC shortly after Voyager Digital filed its notice of default. Reports emerged June 16 that 3AC had failed to meet margin calls that week. <\/p>\n<p>Voyager Digital did not indicate when it would restore trading, deposit, withdrawal and loyalty reward services. Its announcement came in the afternoon before a long weekend in the United States. Monday is U.S. Independence Day, which is a federal holiday.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/voyager-digital-freezes-trading-deposits-withdrawals-and-rewards-blames-3ac-default\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default &#8220; Cryptocurrency exchange Voyager Digital announced Friday that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. \u201cThe failure of a borrower, Three Arrows Capital, to repay a substantial loan from us makes this the right path forward,\u201d Voyager Digital CEO Stephen&#8230;<\/p>\n","protected":false},"author":1,"featured_media":469616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvNmEzODdiYjEtMzE0ZS00N2YxLTllOWEtMmJmNjMxMzQ2ZDZlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74860,117,73808,67874],"class_list":["post-469615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cryptocurrency-exchange","tag-business","tag-loans","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/469615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=469615"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/469615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/469616"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=469615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=469615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=469615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}