Voyager Digital, a cryptocurrency broker, reduces daily withdrawal caps to $10,000

Hedge fund Three Arrows Capital Ltd is exploring legal options to recover the money . Company Voyager Digital Ltd reduced daily withdrawal limits to $10,000 from $25,000 .

According to a news release on the company's website, crypto broker Voyager Digital Ltd has reduced its daily withdrawal limits to $10,000 from $25,000.According to a statement released by the company on Wednesday, the company also gave Three Arrows Capital Ltd a default notice if the cryptocurrency hedge fund fails to pay its loan.Voyager said the company's total exposure to Three Arrows Capital consists of 15,250 bitcoin (roughly $310 million) and $350 million USD Coin (USDC However, neither of those have been repaid, according to Voyager.The hedge fund is also exploring legal options to recover the money as crypto prices decline.