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Blockchain.com stands to lose $270M on loans to crypto hedge fund Three Arrows Capital

Jul. 08, 2022 12:00 PM ETVYGVQ, VOYG:CABy: Max Gottlich, SA News Editor3 Comments

Currency trader on video call from his home office

Alistair Berg

Blockchain.com, the crypto exchange that has been eyeing an initial public offering, is set to lose $270M from lending to bankrupt crypto hedge fund Three Arrows Capital, a.k.a, 3AC, CoinDesk reported Friday.

“Three Arrows is rapidly becoming

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Comments (3)

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Helluva ride for the crypto million/billionaires. I remember 3 arrow when they were a failing equity hedge fund and then they pivoted to crypto and bamm, they were bigger than ever. Then I saw them in the LUNA locked token deal and thought they were now big time. Then, quicker than the bull run up, they are now OOB.
Hasn’t Voyager Digital declared bankruptcy?
ssmith90 profile picture
@jimrp3344 chapter 11, yes.
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