The British Virgin Islands court order came after creditors sued the fund for failing to make loan payments. (The Wall Street Journal)
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The British Virgin Islands court order came after creditors sued the fund for failing to make loan payments. (The Wall Street Journal)
Talking point: Among the firms that Three Arrows owes money is Voyager Digital, a U.S. company whose shares trade on the Toronto Stock Exchange. Voyager said Monday that it issued a notice of default to Three Arrows over loans of 350 million USDC (a stablecoin worth roughly the same as the U.S. dollar) and 15,250 bitcoins. Creditors of Three Arrows will be able to file their claims online, according to The Wall Street Journal. However, the process is likely to be lengthy, and the liquidation order marks the first step in that process, sources said. Voyager’s stock closed up nearly 63 per cent Wednesday.
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