Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Seeking Alpha 2022-06-29 13:30:36

Crypto hedge fund Three Arrows Capital ordered to liquidate - WSJ

Three Arrows Capital, a hedge fund focused on cryptocurrency investments, has been ordered to liquidate by a court in the British Virgin Islands, The Wall Street Journal reported.Creditors had sued the fund for failure to repay loans.The newspaper said that Three Arrows had invested in Luna, Grayscale Bitcoin Trust, and Lido staked ether, a derivative representing staked ether.Luna reached an all-time high of $119.18 in April. The current price is $0.000132. Grayscale Bitcoin Trust (OTC:GBTC) is down ~61% year to date.Bitcoin (BTC-USD) fell below the $20K mark in the early hours of Wednesday.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.