Cryptocurrency Crash: Three Arrows Capital Hedge Fund In Liquidation; Know Biggest Losers Of Downturn

WORLD Team Latestly| Jun 30, 2022 02:14 PM IST
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Singapore-based hedge fund, Three Arrows Capital has entered liquidation, according to multiple reports. Three Arrows Capital, which had bet heavily on cryptocurrency, is one of the higher profile crypto investors to have run into difficulties as the crypto market began its slide downwards. Creditors sued the hedge fund for its inability to repay debts and a court in British Virgin Islands ruled that it needs to enter liquidation. The firm, reportedly had heavy exposure to the stablecoin Terra USD along with its sister coin, Luna, which collapsed in value last month.

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