ICYMI: After facing hundreds of millions of dollars in liquidations, Three Arrows Capital’s future is uncertain
The future of crypto hedge fund Three Arrows Capital hangs in the balance as the firm faces potential insolvency after being liquidated by its lenders.
Sources declined to share the names of those firms on the record for fear of reprisal, but three people said the liquidation totaled at least $400 million. The liquidation event is just one of several setbacks by the firm, which has backed projects like Avalanche, Polkadot, and Ether which are all down 57%, 38.8%, and 47% over the last 30 days respectively.
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