Urgent: Court orders to liquidate Three Arrows Capital
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Answer Urgent: Court orders to liquidate Three Arrows Capital
A British Virgin Islands-based court has ordered the liquidation of already-beleaguered cryptocurrency hedge fund Three Arrows Capital, according to a report from “Sky News”.
It is worth noting that the global consulting firm “Teneo” handles the insolvency of the company that fell into it.
Rumors about Three Arrows Capital’s problems began emerging in early June.
The once-dominant hedge fund, Three Arrows Capital, was hit hard by the collapse of the Terra venture and the ensuing negative contagion in the market.
Earlier this month, the Wall Street Journal reported that a struggling hedge fund is seeking a rescue agreement after it began selling its assets.
Read:What are the similarities and differences between the “Stellar” project and “Ripple”?
Singapore-based Three Arrows Capital was launched in 2012 by Su Zhu and Kyle Davies.
The liquidation of one of the most influential cryptocurrency companies may cause more pain for the cryptocurrency sector, which is struggling to recover after a series of bad news that plunged the price of Bitcoin below $ 20 thousand.
Read:El Salvador loses nearly 15% of its bitcoin investment after falling to the $42,000 level
Bitcoin is currently trading just above the $20,000 level.
Read also:
Bitcoin Volatility Continues… Could Bitcoin Price Lose $20K Level?
Ripple CEO reveals the company’s move if the SEC wins it!
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