A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts.
... A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Three Arrows Capital suffered losses in recent weeks due to a punishing decline in the value of cryptocurrencies. Twin forces have hit the digital asset ecosystem: a broad market selloff sparked by the Federal Reserve’s interest-rate increases and concerns over individual crypto coins and firms. Bitcoin’s dollar value has fallen by more than a third this month.
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Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital – Bitcoin NewsReports claim troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Virgin Islands (BVI) court. Given this news, it looks like Bitcoin has been holding there pretty well. If it were a few weeks ago, the bitcoin price would have dropped at least 10%. Not bad at all.
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Crypto Fund Three Arrows Ordered to Liquidate by CourtA British Virgin Islands court ordered the liquidation of the cryptocurrency hedge fund after creditors sued it for failure to repay debts.
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