Crypto hedge fund Three Arrows Capital has entered liquidation, source says

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Crypto hedge fund Three Arrows Capital has...
 © CyprusMail 2022
Crypto hedge fund Three Arrows Capital (3AC) has entered liquidation, a person familiar with the matter told Reuters on Wednesday, in the latest sign of the market downturn hurting the crypto industry.

Singapore-based 3AC is one of the higher profile crypto investors to have run into difficulties following the sharp sell-off in the market for digital currencies seen in recent months.

Crypto broker Voyager Digital issued 3AC with a default notice on Monday after it failed to make payments on a loan of 15,250 bitcoin (approximately $324 million) and $350 million worth of USDC, a stablecoin.

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Article automatically added to our system on Thursday, June 30, 2022

Crypto hedge fund Three Arrows Capital has entered liquidation, source says


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