Crypto hedge fund Three Arrows Capital fails to meet margin calls -FT

📆 6/16/2022 10:50 PM
📰 ChannelNewsAsia

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Singapore-based crypto hedge fund Three Arrows Capital failed to meet margin calls this past weekend as cryptocurrency prices slid, according to a report from the Financial Times. New Jersey-based crypto lender BlockFi was among the groups that liquidated at least some of Three Arrows' positions, the FT s

Singapore-based crypto hedge fund Three Arrows Capital failed to meet margin calls this past weekend as cryptocurrency prices slid, according to a report from the Financial Times.

Three Arrows, which made a strategic investment in BlockFi in 2020, had borrowed bitcoin from the company, the FT said, but was unable to meet a margin call on that loan. One of the people said the liquidation had occurred by mutual consent, the FT said. In a tweet, BlockFi CEO Zac Prince said his company liquidated collateral against a loan to a large client, without naming who the client was.

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