Three Arrows Capital has failed to meet margin calls: Report By Cointelegraph
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Three Arrows Capital has failed to meet margin calls: Report 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 (BTC) from the lender but was unable to meet a margin call after the market turned sour earlier this week.
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Three Arrows Capital has failed to meet margin calls: Report 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 (BTC) from the lender but was unable to meet a margin call after the market turned sour earlier this week.
Continue Reading on Coin Telegraph
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