Blockchain.com, Deribit Among Creditors That Pushed for 3AC Liquidation: Report

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Crypto exchanges blockchain and DeribitExchange were among the creditors to have pushed for the liquidation of troubled hedge fund Three Arrows Capital, according to a report. By JamieCrawleyCD

Blockchain.com has also said it is cooperating with ongoing investigations into the hedge fund, which"defrauded the crypto industry," the report said, citing a spokesperson.earlier this week. New York-based Teneo Restructuring was called in to work with creditors and handle the insolvency.after the firm incurred at least $400 million in liquidations.after the hedge fund failed to meet margin calls.

“We believe Three Arrows Capital defrauded the crypto industry and intend to hold them accountable to the fullest extent of the law,” a spokesperson said in a statement, according to Bloomberg's report. “We have filed for the immediate liquidation of all global assets of Three Arrows.”Read more:

 

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