Hedge fund Three Arrows Capital owes investors $3.5 billion

Hedge fund 3AC, which filed for bankruptcy, owes $3.5 billion to investors.

Bankrupt hedge fund Three Arrows Capital (3AC) owes investors $3.5 billion, a published court document shows.

Creditor claims pic.twitter.com/toacH54XM1
— db (@tier10k) July 18, 2022

The main creditors of the hedge fund were OTC-platform Genesis with the amount of $2.36 billion. The Digital Currency Group subsidiary's debt is secured by nearly 17.5 million Grayscale Bitcoin Trust shares; 446,000 Grayscale Ethereum Trust shares, 2.7 million AVAX tokens and 13.5 million NEARs. Information from project cryptodefix. The amount cannot cover all of the company's liabilities.

Other major investors in 3AC include Voyger Digital ($685 million), Equites First Holdings ($162 million), Celsius Network ($75 million), FalconX ($65 million), Deribit ($51 million), Coinlist ($35 million).