Voyager officially tweeted about its funding status, which currently holds about $1.3 billion in crypto assets on the platform, as well as more than $650 million in claims against Three Arrows Capital. Voyager also has more than $350 million in cash at Metropolitan Bank of Commerce.
Previously, on June 27, Voyager Digital announced that it had issued a notice of default to Three Arrows Capital for failing to make necessary payments on its previously disclosed loan of 15,250 bitcoins and $350 million.
Voyager intends to recover from Three Arrows and is discussing available legal remedies with the firm’s advisers. On July 2, Voyager Digital suspended trading, deposits and withdrawals, and token rewards.