Is three arrows capital facing insolvency?

Dubai-based crypto fund Three Arrows Capital is facing possible insolvency after incurring at least $400 million in liquidations, The Block reported Wednesday. Three Arrows, popularly known as 3AC, was liquidated by crypto lending firms and is currently in the process of repaying lenders and other counterparties, according to the report.

Who owns three arrows capital?

Three Arrows Capital (also known as 3AC or TAC) was a Singapore -based cryptocurrency hedge fund which was ordered to liquidate on 27 June 2022 by a court in the British Virgin Islands. It was founded in 2012 by Kyle Davies and Su Zhu.

Will three arrows liquidate a crypto hedge fund?

"Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate". Wall Street Journal. Retrieved 30 June 2022. ^ Knauth, Dietrich (11 July 2022). "Three Arrows liquidators asks U.S. court to force crypto founders to cooperate". Reuters. Retrieved 18 July 2022. ^ Roth, Emma (2 July 2022). "Crypto hedge fund Three Arrows files for bankruptcy".

What happened to Teneo & three arrows capital?

In coming days, Teneo will have a website that will allow potential creditors of Three Arrows Capital to submit claims and receive more information about the insolvency, the person said. Crypto hedge fund Three Arrows Capital in default on $665 million loan Teneo and Three Arrows Capital did not immediately respond to a request for comment.