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Crypto platform Voyager Digital cuts daily withdrawal limit to $10,000 after revealing $660 billion exposure to struggling crypto hedge fund

11 days ago   |   By Business Insider

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Crypto platform Voyager Digital has cut the daily withdrawal limit on customer accounts to $10,000 from $25,000.
The move comes after Voyager warned it may not be repaid a loan made to hedge fund Three Arrows Capital.
A Voyager subsidiary had loaned 15,250 bitcoin and $350 million of the USDC stablecoin to the hedge fund.
Voyager Digital has cut the daily withdrawal limit for its customers by thousands of dollars, with the cryptocurrency trading platform making the move after disclosing it could lose more than $600 billion on a hedge fund loan. The Canada-based company reduced the...
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