Cryptocurrency

Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi


Voyager Digital cuts withdrawal amount as 3AC contagion ripples through DeFi and CeFi

The Singapore-based crypto venture firm Three Arrows Capital (3AC) failed to meet its financial obligations on June 15 and this caused severe impairments among centralized lending providers like Babel Finance and staking providers like Celsius.

On June 22, Voyager Digital, a New York-based digital assets lending and yield company listed on the Toronto Stock exchange, saw its shares drop nearly 60% after revealing a $655 million exposure to Three Arrows Capital.

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