Three Arrows Capital has failed to meet margin calls: Report
Cointelegraph
Published Jun 16, 2022 03:15PM ET
Updated Jun 16, 2022 07:20PM ET
Venture firm Three Arrows Capital (3AC) has reportedly failed to meet margin calls from its lenders, raising the spectre of insolvency after this week’s crypto market collapse triggered unforeseen liquidations for the Singapore-based company.
Crypto lender BlockFi was among the firms to liquidate at least some of 3AC’s positions, according to the Financial Times. Citing people familiar with the matter, FT reported that 3AC had borrowed Bitcoin (BTC) from the lender but was unable to meet a margin call after the market turned sour earlier this week.
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Written By: Cointelegraph
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