Three Arrows Capital Misses Margin Calls; BlockFi Liquidates Some of 3AC’s Posit...
source link: https://nextbigwhat.com/three-arrows-capital-misses-margin-calls-blockfi-liquidates-some-of-3acs-positions/
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 Three Arrows Capital Misses Margin Calls; BlockFi Liquidates Some of 3AC’s Positions
Venture firm Three Arrows Capital has reportedly failed to meet margin calls from its lenders, raising the spectre of insolvency after this week’s crypto market collapse triggered unforeseen liquidations for the Singapore-based company.
Crypto lender BlockFi was among the firms to liquidate at least some of 3AC’s positions. Citing people familiar with the matter, FT reported that 3AC had borrowed Bitcoin (BTC) from the lender but was unable to meet a margin call after the market turned sour earlier this week.
Sign Up for NextBigWhat Newsletter
Daily.
You May Also Like
GameStop Generates $76.9M in Proceeds by Selling Digital Assets in Q1
New Metaverse technology allows you to kiss and feel
Newsletter
First Name
Email address:
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK