A cryptocurrency hedge fund Three Arrows declares bankruptcy

A cryptocurrency hedge fund Three Arrows declares bankruptcy

Earlier this week, allegations surfaced that 3AC had failed to repay a $670 million loan issued by crypto broker Voyager Digital, resulting in the suspension of all transactions, deposits, and withdrawals. Later, Sky News claimed that a British Virgin Islands court had ordered 3AC’s liquidation and that the corporation is apparently collaborating with business consulting firm Teneo to monitor the process.