Crypto broker Voyager Digital enforces $10,000 daily withdrawal cap
The change comes after the company on Wednesday said its subsidiary may issue a default notice to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its loan.
- Jun 23, 2022,
- Updated Jun 23, 2022 7:04 PM IST
Crypto broker Voyager Digital Ltd has lowered its daily withdrawal limits to $10,000 from $25,000, according to an update posted on the company's website.
The change comes after the company on Wednesday said its subsidiary may issue a default notice to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its loan.
Voyager's total exposure to Three Arrows Capital consists of 15,250 bitcoin (nearly $310 million) and $350 million USD Coin (USDC), it said.
Also read: All you need to know about crypto TDS guidelines
Also read: Michelin star chef Vikas Khanna rolls out his first NFT collection
Crypto broker Voyager Digital Ltd has lowered its daily withdrawal limits to $10,000 from $25,000, according to an update posted on the company's website.
The change comes after the company on Wednesday said its subsidiary may issue a default notice to Three Arrows Capital Ltd if the cryptocurrency hedge fund fails to repay its loan.
Voyager's total exposure to Three Arrows Capital consists of 15,250 bitcoin (nearly $310 million) and $350 million USD Coin (USDC), it said.
Also read: All you need to know about crypto TDS guidelines
Also read: Michelin star chef Vikas Khanna rolls out his first NFT collection