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3ac bankrupt pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

Will 3AC go bankrupt?

Now the firm, also known as 3AC, is headed to bankruptcy court after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out its assets and leave it unable to repay lenders.

What happened between BlockFi & 3AC?

(CoinDesk archives) © Provided by CoinDesk A federal judge sent BlockFi and Three Arrows Capital lawyers into mediation to try to settle a dispute over $284 million in payments to BlockFi. 3AC was stymied in an effort to combine some of its many court cases into a unified effort.

Is 3AC facing a $270 million hit on loans?

With the crypto market down by more than $1 trillion since April, led by the slide in bitcoin and ethereum, investors with concentrated bets on firms like 3AC are suffering the consequences. Crypto exchange Blockchain.com reportedly faces a $270 million hit on loans to 3AC.

Did 3AC fail to meet margin calls?

The bankruptcy filing of 3AC, a crypto hedge fund that failed to meet margin calls, set off a domino effect in the market.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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