Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy - BitcoinEthereumNews.com
cryptoCrypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy07 / 02 / 2022Balita ng Ethereum ng Bitcoin Crypto hedge fund 3 Arrows Capital is slated to be another pillar piece of 2022‘s bear market headlines, joining the likes of brutal bear market moments that include Terra Luna’s downfall and CeFis drama. While rumors have swirled for several weeks now about 3AC‘s status, limited details with concrete information have been released. That’s evolving to close out this week, as new reports have shown that 3 Arrows Capital is filing for Chapter 15 bankruptcy in New York. A Dozen Headaches the platform has since suspended withdrawals and trading. Fellow CeFi player BlockFi also sustained roughly $80M in losses, according to the Times. This week, 3 Arrows filed for Chapter 15 bankruptcy in New York, following liquidation as well as regulatory inquiries from Singaporean officials, where the hedge fund is based. Chapter 15 is geared towards addressing “cross-border insolvency.” Strong headwinds for Bitcoin (BTC) this year have exemplified the crypto markets uphill challenges recently. | Source: BTC-USD sa TradingView.comMga Kaugnay na Pagbabasa | Nakikita ng Mga Nangungunang Crypto Exchange ang Negatibong Rate ng Pagpopondo, Nakuha na ba ang Mga Bear? Estado Ng CeFi: Pulse Check Centralized finance platforms, commonly