After facing hundreds of millions of dollars in liquidations, Three Arrows Capit...
source link: https://nextbigwhat.com/after-facing-hundreds-of-millions-of-dollars-in-liquidations-three-arrows-capitals-future-is-uncertain/
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
NBW Pluggdin After facing hundreds of millions of dollars in liquidations, Three Arrows Capital's future is uncertain
After facing hundreds of millions of dollars in liquidations, Three Arrows Capital's future is uncertain
- June 15, 2022
According to well-placed sources, the investment firm – which counts the likes of options exchange Deribit and financial services firm BlockFi among its venture bets – is in the process of figuring out how it can make itself whole with lenders and other counter-parties after it was liquidated by top tier lending firms in the space.
Sources declined to share the names of those firms on the record for fear of reprisal, but three people said the liquidation totaled $400 million among lending firms.
You May Also Like
This is Meta’s hypocrisy: Apple on Meta’s 50% Metaverse commission
What does the future hold for NFT marketplaces?
Newsletter
First Name
Email address:
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK