Home Others Three Arrows Capital Crypto Hedge Fund liquidated in recent crash

Three Arrows Capital Crypto Hedge Fund liquidated in recent crash

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Three Arrows Capital Crypto Hedge Fund liquidated in recent crash
Three Arrows Capital Crypto Hedge Fund liquidated in recent crash

Three Arrows Capital Crypto Hedge Fund liquidated in recent crash – Crypto hedge fund faces collapse, after a court in the British Virgin Islands ordered the crypto focused hedge fund into liquidation, after its failure to repay creditors as the value of bitcoin and other cryptocurrencies have plunged steeply.

On Monday, crypto broker Voyager Digital announced that Three Arrows Capital had not made the required payments on a loan worth more than $665 million, paid partly in bitcoin, and the liquidation order followed after the high profile notice of default.
Teneo Restructuring has been brought on board in the last few days to deal with the liquidation process.
The court order brings down the curtain on one of crypto’s most famous hedge funds, founded by former Credit Suisse traders Zhu Su and Kyle Davies at the kitchen table of their apartment in 2012.
Their fortune rose along with the crypto market bull run, and 3AC’s assets under management were estimated to be about US$10 billion in March, according to blockchain analytics firm Nansen.

 

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Read more about Three Arrows Capital Crypto Hedge Fund liquidated in recent crash here https://decrypt.co/104058/crypto-fund-three-arrows-capital-ordered-to-liquidate-report