Crypto Hedge Fund in Default

Submitted by Aaron Goldstein on

Written by :

Aaron Goldstein

Published on :

Crypto Hedge Fund in Default

The Crypto Winter isn't over yet as wary investors and other interested parties await the next shoe to drop.  That could be the crypto hedge fund Three Arrows Capital.

They were to meet a deadline on Monday to repay more than $670 million in loans to Voyager Digital or face default.  The obligation apparently was not met.

Digital asset brokerage Voyager Digital issued a notice Monday morning, advising that the fund failed to repay a loan of $350 million in the U.S. dollar-pegged stablecoin, USDC, in addition to 15,250 bitcoin that translates into $323 million.

We are working diligently and expeditiously to strengthen our balance sheet and pursuing options so we can continue to meet customer liquidity demands,” said Voyager CEO Stephen Ehrlich.

Dr. Craig S Wright Exposes Hashgraph: Claims Nobody Uses it

BitOasis Exchange Lays Off Employees Amid Market Downturn

Following news of layoffs at major cryptocurrency exchanges like Coinbase, BitOasis becomes the latest to cut staff.  The Middle Eastern/North Africa market digital exchange will be laying off 5% of its employees, hardly mind blowing, but still reason for concern.

BitOasis was founded in United Arab Emirates (UAE) in 2015.

More Hedge Funds Are Betting Against Tether as Crypto Melts Down

Short sellers have been ramping up their bets against tether, the world’s largest stablecoin, as reported by the Wall Street Journal.  Stablecoins are, in theory, supposed to be pegged to the US Dollar.

“There has been a real spike in the interest from traditional hedge funds who are taking a look at tether and looking to short it,” Leon Marshall, head of institutional sales at Genesis Global Trading.

Genesis said short positions increased after the multibillion-dollar implosion of UST.

Some funds are shorting USDT as a bet against the broader economy.

- Aaron Goldstein, Gambling911.com

Related Content

Plataformas de Cassino Online Continuam Acessíveis no Brasil Após Decreto de Lula

Plataformas de Cassino Online Continuam Acessíveis no Brasil Após Decreto de Lula

Com a expressiva vitória de Lula nas eleições brasileiras da semana passada, é praticamente certo que os jogos de azar online continuarão sujeitos a restrições no país, a menos que o setor consiga uma vitória na Justiça.
Ultra Panda to Ultra Thunder: The Credit and Agent Account Questions Operators Must Resolve

Ultra Panda to Ultra Thunder: The Credit and Agent Account Questions Operators Must Resolve

If an agent still has Ultra Panda credits, the appearance of Ultra Thunder in a supplier catalog creates an immediate question: what happens to the old balance? For store owners and distributors, that matters more than a new logo or a list of games.
Casinos Like – The Trusted Source for UK Online Casino News

Casinos Like – The Trusted Source for UK Online Casino News

The UK online casino industry is one that is evolving greatly in recent times, with new regulations that are already shaping a different future for the market.
From the NFL to MLB: How Kalshi Is Expanding the Sports Prediction Experience

From the NFL to MLB: How Kalshi Is Expanding the Sports Prediction Experience

Sports trading has become the dominant category on Kalshi, with activity accelerating sharply throughout 2026. NFL games have attracted enormous trading volume, while MLB markets have expanded the range of outcomes available to traders.