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3AC to get liquidated soon? The NFT market could be key
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A British Virgin Islands court has ordered the liquidation of Three Arrows Capital, according to the reports. The Singapore-based crypto hedge fund has been battling it out in recent weeks after the Terra crash. But with over $400 million in liquidations, it seems time has finally run out now.
A British television news channel Sky News reported that consulting firm Teneo Restructuring has been lined up to handle the insolvency of 3AC. The cryptocurrency-focused hedge fund was founded in 2012 by Su Zhu and Kyle Davies. They had repeatedly conveyed that they are trying to “work this out”.
<p lang=«en» dir=«ltr» xml:lang=«en»>We are in the process of communicating with relevant parties and fully committed to working this out— Zhu Su
Read more on ambcrypto.comAbout this in other media
CryptoPunks tops weekly charts as it surges by 558% amid a recouping NFT market ambcrypto.com /2 years ago
Crypto Biz: 3AC’s founders are nowhere to be found cointelegraph.com /2 years ago
NFT market worth $231B by 2030? Report projects big growth for sector cointelegraph.com /2 years ago
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