Despite exposure to Three Arrows, Voyager Digital suffers a downgrade from analyst

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It is estimated that Voyager Digital (VOYG) shares fell more than 60% after it disclosed it could issue a "notice of default" if it fails to repay a loan to hedge fund Three Arrows Capital (3AC).

3AC exposure consists of 15,250 bitcoins ($370 million) and $350 million USDC, according to  Voyager.

In its exposure to 3AC, Voyager holds 15,250 bitcoins ($370 million) and $350 million in USDC.

he company said in a statement Wednesday. In response to the recent market downturn, D

Dubai-based Three Arrows Capital hired legal and financial advisers to figure a way out.

Report in the journal. 3AC invested over $200 million in LUNA tokens in February,