Will blockchain com lose $270 million from lending to three arrows capital?

Blockchain.com “remains liquid, solvent and our customers will not be impacted,” wrote CEO Peter Smith in a letter to shareholders. Cryptocurrency exchange Blockchain.com stands to lose $270 million from lending to Three Arrows Capital, the over-leveraged hedge fund now the subject to a liquidation order in the British Virgin Islands.

Is three arrows capital insolvent?

Blockchain.com CEO Peter Smith said in a letter to shareholders that Three Arrows Capital ( 3AC ), the over-leveraged hedge fund that is now subject to a liquidation, "is rapidly becoming insolvent and the default impact is approximately [USD] 270 million worth of cryptocurrency and US dollar loans from Blockchain.com," according to Coindesk.

Will Blockchain Change value in the digital age?

The transformation of value in the digital age. Blockchain.com “remains liquid, solvent and our customers will not be impacted,” wrote CEO Peter Smith in a letter to shareholders.

How much money does blockchain make a day?

Out of 576 crypto exchanges tracked by CoinGecko, Blockchain ranks 57th by daily volume as of publication, with about $6.1 million in daily trading volume—less than 1% of the volume by competitors in the top 5.