Crypto broker Voyager Digital Ltd. said it has issued a notice of default to Three Arrows Capital, the troubled crypto hedge fund, on a loan worth roughly $675 million based on Bitcoin’s price on Monday. Three Arrows has failed to make the required payments on its loan of 15,250 Bitcoin and $350 million USDC stablecoin, Voyager said in a statement. The company intends to pursue recovery and is in talks on legal remedies as it weighs options to meet customer demands. It has hired Moelis & Company as its financial adviser in the process. New York-based Voyager, which offers crypto trading, staking -- a way of ... (full story)