Crypto is a house of cards and the decimation has not stopped yet. 3 Arrow’s endgame is yet to be settled as the VC company found fresh developments in faults. The latest one to add to the list is Voyager crypto exchange .
Voyager crypto Exchange was in close connection with 3ACs in terms of business and support. 3AC had taken loans from Voyager. However, the present market conditions have brought a lot of dowside for the crypto market. Hence, Voyager had filed for repayment of the loan. 3ACs owe 15,252 BTCs and 350 million USDC tokens.
State of the Investors on Voyager Exchange
Voyager has assured its investors that they have $137 million in additional reserves at the time of writing. Considering the market condition, it would be enough to keep things afloat.
Voyager is also in close connection with Global Investment Bank Moelis & Company. They are already helping Voyager to claim its loan. At the same time, the voyaget crypto exchange has also made all the efforts to raise funds for liquidity. Alameda Research has already extended a fresh line of credit to the tune of $500 million. This would be sufficient to keep things on track and help the exchange remain afloat for trading volume.
This is not the only blockchain venture who has suffered at the hands of Terra Luna’s collapse. Celsius was the first to go, followed by 3AC and now Voyager. As the crypto market is small and well connected, a default at one end wouldn’t be restricted to that ecosystem only.
Hence at one point or other, there’s dependency of the protocols and this calls for an amicable regulation to keep things intact and safe for the ecosystem to thrive and embrace for global adoption.
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