As the community witnesses, the events unfolding related to the Three Arrows Capital (3AC) crisis, crypto firm Blockchain.com said it is participating in ongoing investigations into the hedge fund. According to a Bloomberg report, Blockchain.com and Deribit were among the creditors who pushed for the liquidation of troubled hedge fund Three Arrows Capital.
When Three Arrows Capital was in trouble initially, FTX, Deribit, and BitMEX liquidated their positions in 3AC after the firm failed to meet margin calls. Three days back, Three Arrows Capital liquidation was ordered in the British Virgin Islands. Teneo Restructuring partners are allegedly handling 3AC’s insolvency.
A Blockchain.com spokesperson stated “We believe Three Arrows Capital defrauded the crypto industry and intend to hold them accountable to the fullest extent of the law. We have filed for the immediate liquidation of all global assets of Three Arrows.”
