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— Crypto, Three Arrows Capital
Voyager lent Three Arrows $650M in bitcoin and USDC but was left holding the bag when the company went under and its founders disappeared.
Read more (2 min) →— Crypto, Three Arrows Capital
Three Arrows Capital chief Su Zhu is reportedly looking to sell his luxury Singapore bungalow days after the crypto hedge fund was liquidated.
— Crypto, Three Arrows Capital
Earlier this week, a judge in the British Virgin Islands also ordered the liquidation of the crypto hedge fund, once worth $10 billion.
Three Arrows was also one of the major investors in Grayscale Bitcoin Trust, last year disclosing ownership of more than 38 million shares.
Rumors that BlockFi may have lent too much bitcoin to 3AC are swirling, causing insolvency concerns among customers.
Rumors about the possible insolvency of Three Arrows Capital were fueled on Wednesday thanks to a vague tweet by co-founder Zhu Su.
