What crisis? High-stakes crypto lending looks here to stay

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What crisis? High-stakes crypto lending looks...
 © CyprusMail 2022
On May 11, Scott Odell, an analyst at British crypto lender Blockchain.com, instant messaged Edward Zhao of Three Arrows Capital asking that the Singapore hedge fund repay at least part of a $270 million loan.

Three Arrows had just taken a hit from the collapse of cryptocurrency Terra, raising doubts about its ability to repay. That was a worry for Blockchain.com since it had not taken collateral to secure the loan, court filings show.

“This is time sensitive so let’s sort if you’re available,”...


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Article automatically added to our system on Wednesday, September 21, 2022

What crisis? High-stakes crypto lending looks here to stay


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Article Tags: #crisis   #stakes   #crypto   #lending   #looks  


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