Hedge fund Three Arrows Capital owes investors $3.5 billion
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. This is a text from company cryptodefix.com. 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).