Three Arrows Capital considers asset sales and bailout, WSJ reports
Three Arrows Capital (3AC) has hired legal and financial advisers to help the crypto hedge fund consider its options following large trading losses, the Wall Street Journal reported on Friday.
“We have always been believers in crypto and we still are,” co-founder Kyle Davies told the WSJ in an interview. “We are committed to working things out and finding an equitable solution for all our constituent.”
The Block had earlier reported that crypto exchanges FTX, Deribit and BitMEX had liquidated 3AC’s positions after it failed to meet margin calls.
This is a breaking story and will be updated.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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Author: Andrew Rummer
