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Three Arrows Capital considers asset sales and bailout, WSJ reports

Finance

www.theblock.co 17 June 2022 12:58, UTC
  
Reading time: ~2 m

Three Arrows Capital (3AC) has hired legal and financial advisers to help the crypto hedge fund consider its options following large trading losses, the Wall Street Journal reported on Friday. 

“We have always been believers in crypto and we still are,” co-founder Kyle Davies told the WSJ in an interview. “We are committed to working things out and finding an equitable solution for all our constituent.”

The Block had earlier reported that crypto exchanges FTX, Deribit and BitMEX had liquidated 3AC's positions after it failed to meet margin calls. 

This is a breaking story and will be updated.


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