Three Arrows Capital (3AC) Liquidated for Millions as It Fails to Meet Margin Calls
Originally posted here.
By: Adewumi Victor
Overview
The latest development around venture firm Three Arrows Capital (3AC) is that it has reportedly failed to meet margin calls from lenders. This has once again brought up the potential risk of the firm going into insolvency after it was severely hit by the crypto market meltdown earlier in the week. The report also cited that BlockFi, a crypto lender, was one of several companies that liquidated some of Three Arrows Capital’s positions.
The speculations surrounding the company continue to gather momentum after several sources revealed that the company is going through many liquidations. The reports …
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