Entry details

Three Arrows Fails to Fulfill Margin Requirements from Lenders


Category: Crypto General -> Bankruptcy and frauds

Type: article


Short article about 3AC problems, high risk investment company, which lost 60% on 27 key assets and $560m on LUNA collapse. "Three Arrows Capital (3AC), a Singapore-based crypto hedge fund, has allegedly failed to fulfill margin calls from its lenders, increasing the specter of bankruptcy after this week’s crypto market crash." "The corporation maintained major interests in a number of projects, including Solana (SOL) and Avalanche (AVAX), and had considerable exposure to Terra (which was once known as Luna and is now known as Luna Classic (LUNC)."