A Large Crypto Market Maker Is Already Distancing Itself From New 3AC Venture

2023-1-17 21:12

The co-founders of bankrupt 3AC think they can 'dominate' the crypto claims market, eventually 'fill the power vaccum left by FTX'.

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3ac market crypto claims eventually dominate power

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Report: Unexpected liquidations may force Three Arrows Capital into bankruptcy

The present market situation echoes the early days of the 2008 financial crisis, owing to increased liquidations and conservative investor sentiments. Three Arrows Capital (3AC), a Dubai-based hedge fund manager, may be on the verge of bankruptcy after accruing at least $400 million in liquidations lately, as reported by The Block.

2022-6-16 17:33