Discussion

• @thestalwart Joe Weisenthal on x

  Incredible chart of Voyager, the crypto company that lent hundreds of millions to 3AC https://twitter.com/...

• @tier10k @tier10k on x

  [DB] Voyager's exposure to 3AC consists of 15,250 BTC and $350 million USDC, 3AC has not repaid requested amounts. Voyager: Failure to repay by June 27 will constitute an event of default Voyager intends to pursue recovery from 3AC

• @alexhern @alexhern on x

  If I'm reading this right, Voyager's cash-on-hand was barely a quarter of *one loan* it made to *one borrower*, somebody good at risk management help me budget this

• @alexhern @alexhern on x

  @SBF_FTX Turns out crypto does in fact have a lender of last resort and its name is Sam Bankman-Fried

• @alexhern @alexhern on x

  ersatz crypto bank Voyager is owed around $650m by crypto hedge fund 3AC, and has signed a $500m loan with @SBF_FTX's Alameda Ventures to protect customer assets from a bank run https://www.prnewswire.com/...

• @mikeburgersburg @mikeburgersburg on x

  As of 9/31/21, Voyager owed 25,023 Bitcoin and $384 million $USDC to its customers. They lost 15k Bitcoin and $350 mil USDC to 3AC... https://twitter.com/... https://twitter.com/...

• @tree_of_alpha @tree_of_alpha on x

  https://twitter.com/... https://twitter.com/...

• @kirbylarp @kirbylarp on x

  CeFi takes another major L https://twitter.com/...

• @kamikaz_eth @kamikaz_eth on x

  How does an exchange make massive unsecured loans like this to third parties? This is so weird The tragedy is that Alameda is bailing them out - companies this stupid should be allowed to die https://twitter.com/...

• @adamscochran Adam Cochran on x

  Woah, first detailed number we've got from a provider. $350M owed to one entity. Clearly massive amounts outstanding. https://twitter.com/...

• @keubiko @keubiko on x

  So funny that it wasn't just actual dollars that morons pumped into Bitcoin, but the price went up because of literal printing of vapor coins. As these crypto dildos rail against the Fed. 🤌🤌🤌🤌 https://twitter.com/...

• @theskyhopper @theskyhopper on x

  Holy fuck. If it's real. https://twitter.com/...

• @staffordphilip Philip Stafford on x

  Voyager hit as Three Arrows fails to meet repayments “The Company is unable to assess at this point the amount it will be able to recover from 3AC.” https://www.prnewswire.com/...

• @mikeburgersburg @mikeburgersburg on x

  🚨🚨🚨"Voyager concurrently announced that its operating subsidiary, Voyager Digital, LLC, may issue a notice of default to Three Arrows Capital ("3AC") ...Voyager's exposure to 3AC consists of 15,250 BTC and $350 million USDC." https://twitter.com/...

• @ben_mckenzie Ben McKenzie on x

  😳 https://www.prnewswire.com/...

• @tier10k @tier10k on x

  ~$663mln of 3AC exposure “Voyager has $152 million cash and owned crypto assets on hand” Not great https://twitter.com/...