Amid 3AC Exposure, Voyager Digital Reduces Daily Withdrawal Limit to $10,000

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Amid 3AC Exposure, Voyager Digital Reduces Daily Withdrawal Limit to $10,000

Amid 3AC Exposure, Voyager Digital Reduces Daily Withdrawal Limit to $10,000
Voyager CEO Steve Ehrlich (CoinDesk TV)
Source: CoinDesk
1655990856 23 Jun / 13:27

After exposing its exposure to faltering hedge fund Three Arrows Capital earlier this week, cryptocurrency broker Voyager Digital lowered its daily withdrawal limit to $10,000 from $25,000.

Wednesday at 23:00 UTC, according to Voyager's website, the withdrawal limit was updated.

Wednesday, shares of Voyager (VOYG) fell more than 60 percent after the business disclosed a $720 million exposure to Three Arrows Capital in the form of stablecoins and bitcoin.

Voyager looks to be the latest crypto company affected by the current market decline. Lending platforms Celsius Network and Finblox have also ceased withdrawals this month.

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