Three Arrows Capital Estimated Its Assets at Around $1B in July: Report

2022-12-17 15:25

Bankrupt crypto hedge fund Three Arrows Capital (3AC) estimated its assets to be worth around $1 billion in July, according to a report by The Block, citing a document prepared by 3AC liquidator Teneo.

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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