Thursday, October 9, 2025

Latest

Voyager Digital Reduces Withdrawal Limits To $10,000 Per Day

The current state of the crypto market continues to hit hard for Voyager Digital (TSX: VOYG). The firm late last night quietly announced changes to withdrawal limits amid what appears to be liquidity problems.

Withdrawal limits were reduced on Wednesday from $25,000 per day to just $10,000 per day, with the changes being formally made at 23:00 UTC. Withdrawals are also capped at a 20 transaction limit within a 24 hour period.

Snippet from Voyager Digital’s website.

The changes occurred the same day in which the company revealed roughly $655 million in exposure to Three Arrows Capital, the major crypto hedge fund that is currently facing insolvency. Voyager detailed that they had loaned the fund 15,250 bitcoin along with $350 million USDC, representing 28.3%, and 55.3%, respectively, of all funds it had loaned out in those currencies.

Repayment of the debt has reportedly been demanded, with $25 million due tomorrow on June 24, while the balance of the entire loan is due as of June 27. If the required payments are not made the debt will be viewed as being in default, and the firm intends to take the actions necessary to recover the loan. Whether they will be able to recover anything however is questionable.

The company notably three days ago announced it had entered an agreement with Alameda Research for a credit facility for US$200 million in USDC, as well as 15,000 bitcoin. The arrangement was finalized yesterday.

Voyager yesterday commented that it had $152 million in cash and crypto assets on hand, as well as $20 million that is restricted for the purchase of USDC. The state of that balance today however is up in the air, as the recently imposed reduced withdrawal limits suggest that clients were looking to move money off the platform with haste.

Voyager Digital last traded at $0.86 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Voyager Digital Sees CEO, COO Enter Arrangements To Sell Shares

It appears that executives over at Voyager Digital (TSX: VOYG) are looking to hit the...

Friday, December 31, 2021, 09:06:05 AM

Voyager Digital Looks To Secure US$500 Million In Further Capital Amid Crypto Market Turmoil

Voyager Digital (TSX: VOYG) is seemingly concerned with its liquidity situation given the current state...

Monday, June 20, 2022, 08:02:32 AM

Binance Bitcoin Balance Takes A Hit After Judge Stops Voyager Deal

Over 4,761 Bitcoins have been withdrawn from the Binance crypto exchange in the last 24...

Tuesday, March 28, 2023, 12:08:00 PM

Voyager Digital Looks To Distance Itself From Celsius Amid Crypto Bank Run

Voyager Digital (TSX: VOYG) is looking to distance itself from Celsius following the ongoing implosion...

Tuesday, June 14, 2022, 08:31:48 AM

Voyager Digital Reveals $655 Million Exposure To Three Arrows Capital

It appears that Voyager Digital (TSX: VOYG) may be in trouble with respect to its...

Wednesday, June 22, 2022, 08:11:39 AM