The Latest Breaking News from 3AC

A court in the British Virgin Islands has ordered the liquidation of crypto hedge fund Three Arrows Capital (3AC), after the company suffered major losses in the recent market turmoil. According to a report by Sky News, partners from Teneo, a global CEO advisory firm, are handling the insolvency proceedings after a court order…

The crypto industry is currently undergoing a truth test that will determine which projects are viable

Voyager Digital Ltd (OTCQX: VYGVF) shares are falling Wednesday after the company revealed significant exposure to Three Arrows Capital (3AC) and announced a loan agreement with Sam Bankman-Fried’s Alameda.

The worldwide cryptocurrency market capitalization is at $893.8 billion on Wednesday, down from $927 billion on Tuesday afternoon. Crypto asset broker and trading platform Voyager Digital announced on Wednesday that it is threatening the hedge fund Three Arrows Capital (3AC) with a default notice over its debt to Voyager.

The fall of cryptocurrencies causes colossal losses to investors and threatens to wipe out certain projects and firms.

Crypto lending and borrowing firm Three Arrows Capital (3AC) had positions liquidated by crypto exchanges Deribit, BitMEX and FTX.

The worldwide cryptocurrency market capitalization is at $892 billion, down from $893.3 billion on Friday morning. The Hong-Kong based cryptocurrency lender Babel Finance joined Celsius in the suspension of withdrawals, according to the company’s website.

Major cryptocurrency players, including Celsius (CRYPTO: CEL), 3AC, and Tether (CRYPTO: USDT), have experienced major liquidations.

The worldwide cryptocurrency market capitalization is at $906.5 billion, up from $900.6 billion on Thursday morning. Thursday’s drama surrounds cryptocurrency trading firm and liquidity provider8 Blocks Capital, and its issue with Three Arrows Capital (3AC).