Is 3AC in liquidation?

On June 27, a court in the British Virgin Islands ordered 3AC into liquidation. A few days later, 3AC filed for Chapter 15 bankruptcy in the Southern District of New York. Creditors, meanwhile, have asked a court in Singapore to enforce the BVI liquidation order to gain access to 3AC’s Singapore offices.

What happened between BlockFi & 3AC?

A federal judge sent BlockFi and Three Arrows Capital lawyers into mediation to try to settle a dispute over $284 million in payments to BlockFi. 3AC was stymied in an effort to combine some of its many court cases into a unified effort.

Is 3AC a good investment?

The investment firm has been one of the most-vocal crypto market participants in the past few years. 3AC co-founder Su Zhu speaks at Crypto Bahamas. (Tracy Wang/CoinDesk) Dubai-based crypto fund Three Arrows Capital is facing possible insolvency after incurring at least $400 million in liquidations, The Block reported Wednesday.

Is three arrows capital facing insolvency?

Dubai-based crypto fund Three Arrows Capital is facing possible insolvency after incurring at least $400 million in liquidations, The Block reported Wednesday. Three Arrows, popularly known as 3AC, was liquidated by crypto lending firms and is currently in the process of repaying lenders and other counterparties, according to the report.