Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report
Cointelegraph
Published Jun 17, 2022 12:00PM ET
Updated Jun 17, 2022 07:40PM ET
Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset markets.
The firm, which also goes by 3AC, has hired legal and financial advisers to explore solutions for its investors and lenders, The Wall Street Journal reported Friday. Several options are on the table, including asset sales and a rescue package by another firm, co-founder Kyle Davies told the Journal. In the meantime, 3AC is looking to buy more time by negotiating a tentative agreement with existing creditors.
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Written By: Cointelegraph
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