THE HASH: Voyager Digital Issues Default Notice to Three Arrows Capital, More Short Sellers Betting Against Tether

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4.7 • 698 Ratings

🗓️ 27 June 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

The most valuable crypto stories for Monday, June 27, 2022. "The Hash" team discusses today's top stories, including Voyager Digital issuing default notice to Three Arrows Capital, FTX Token DAO's fundraise and more hedge funds betting against stablecoin tether. This episode was edited by Eleanor Pahl and our executive producer is Jared Schwartz. Our theme song is “Neon Beach.” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This is the hash podcast.
0:09.6	Stay informed with the latest on Bitcoin, Eith, the Metaverse, Web3, and more,
0:14.4	with stories that matter to the crypto world, all on the hash for your ears.
0:20.2	You're listening to the Coin Desk Podcast Network.
0:24.5	Hey there, happy Monday and welcome back to the hash.
0:28.6	We are here on Coin Desk TV.
0:30.0	We are here on the Coin Desk Podcast Network.
0:32.5	I'm Zach Seward.
0:33.3	I am joined by Wendy O.
0:35.2	And Jen Sanasi.
0:37.1	Great squad that we have today.
0:38.3	We're going to start it off with Wendy O on the latest from Voyager Digital.
0:42.3	Yikes, this is actually a very, very interesting story.
0:45.3	Voyager Digital issues three arrows capital with default noticed.
0:50.3	The crypto broker is reported to have lent 3 AC approximately $350 million in stable
0:55.8	coin USC and approximately 15,250 Bitcoin, which equals approximately $673 million as of today's
1:04.2	prices. And the reason why I say approximately is because we got that volatility there. Also
1:08.0	too, it's looking like Three Arrows capital is insolvent because they haven't
1:11.7	responded to this request. And apparently Voyager can pursue legal action. However, I don't know if they
1:18.0	can actually pursue legal action if there's nothing to take back from a company that is insolvent.
1:23.1	Lastly, it is very, very important to note that on June 22nd, Voyager released a press release
1:29.2	announcing a $200,000,000 Bitcoin load from Alameda Ventures.
	...

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