embattled cryptocurrency platform voyager digital ltd said wednesday that its subsidiary has signed an agreement with trading firm alameda ventures ltd for a 200 million loan to safeguard its customers assets from a crypto marketwide liquidity crisis voyager digital said its subsidiary voyager digital holdings inc agreed to the 200 million cash and usdc revolvera us dollarpegged stablecoinand a 15000 bitcoin revolver almeda currently owns around 1156 of voyager shares voyager has had a rough go in recent months as the entire cryptocurrency market continues to face volatility since the beginning of the year voyager shares have been down nearly 90 to c160 in step with other peers in the cryptoexchange space while the price of bitcoin has also taken a hit falling 57 to us2052770 yeartodate the company said its operating subsidiary voyager digital llc may issue a notice of default to hedge fund three arrows capital or 3ac to which its exposure consists of 15250 btc and 350 million usdc voyager has requested a payment of 25 million usdc by june 24 and subsequently requested repayment of the entire balance of usdc and btc by june 27 3ac has failed to make repayments owed to voyager 3ac has only a few days to meet its repayments to voyager before they constitute an event of default the company said it intends to pursue recovery from 3ac but cautioned that it doesnt know how much it will be able to recover voyager said the new money is intended to be used to safeguard its customer assets in light of current market volatility and only if such use is needed voyager said it also has around 152 million in cash and owned crypto assets on hand as well as around 20 million of cash that is restricted for the purchase of usdc