reaching $21,215. It loaned the funds, largely made of customer deposits, to 3AC to generate income and pay the up to 12% interest fees it offers to customers.from 3AC by June 24 before subsequently requesting the entire USDC and BTC balance by today, June 27, last week.
As of this morning, Voyager still holds $137 million in cash and assets, according to a company statement. They also have access to $200 million in cash and USDC and 15,000 bitcoin credit line from Alameda Research, a quantitative trading firm launched by FTX CEO Sam Bankman-Fried. The company accessed $75 million of the funds and may “continue to make use of the Alameda facilities to facilitate customer orders and withdrawals, as needed,” per the statement.
Withdrawals on Voyager continue to be limited to $10,000 a day, down from $25,000 before the initial 3AC potential notice of default, and 20 transactions per 24 hour period, according to its"We are working diligently and expeditiously to strengthen our balance sheet and pursuing options so we can continue to meet customer liquidity demands," CEO of Voyager Stephen Ehrlich said in the statement.
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