3 July, San Francisco (IANS) The major cryptocurrency hedge fund Three Arrows Capital (3AC),

3 July, San Francisco (IANS) The major cryptocurrency hedge fund Three Arrows Capital (3AC),

in which Voyager has made sizeable investments, filed for bankruptcy in the US, and as a result, 

in which Voyager has made sizeable investments, filed for bankruptcy in the US, and as a result, 

the cryptocurrency broker Voyager Digital (VYGVF) has ceased all trading, deposits, withdrawals, and loyalty incentives.

the cryptocurrency broker Voyager Digital (VYGVF) has ceased all trading, deposits, withdrawals, and loyalty incentives.

In a statement, Voyager acknowledged that it had substantial holdings in 3AC and 

In a statement, Voyager acknowledged that it had substantial holdings in 3AC and 

that the Singapore-based hedge fund had defaulted on payments due on a loan of 15,250 BTC ($294 million) and $350 million USDC.

that the Singapore-based hedge fund had defaulted on payments due on a loan of 15,250 BTC ($294 million) and $350 million USDC.

According to Stephen Ehrlich, CEO of Voyager, "This was a very tough choice, 

According to Stephen Ehrlich, CEO of Voyager, "This was a very tough choice, 

but we believe it is the appropriate one given present market conditions."

but we believe it is the appropriate one given present market conditions."

"This choice allows us more time to continue discussing strategic options with different interested parties...

"This choice allows us more time to continue discussing strategic options with different interested parties...

while retaining the worth of the Voyager platform that we have jointly developed. At the proper time, we will supply further information "Added he.

while retaining the worth of the Voyager platform that we have jointly developed. At the proper time, we will supply further information "Added he.

The price of Voyager stock fell by more than 26%.

The price of Voyager stock fell by more than 26%.

Voyager stated that it is currently pursuing all available recovery options from 3AC, 

Voyager stated that it is currently pursuing all available recovery options from 3AC, 

including the British Virgin Islands' court-ordered liquidation procedure.

including the British Virgin Islands' court-ordered liquidation procedure.