Wall Street

Crypto Crisis: More Bad News For a Failing Hedge Fund

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The Street

By Luc Olinga Three Arrows Capital (3AC) has become the first big domino to fall in the current crisis of confidence affecting the crypto industry. The crisis of confidence that is currently shaking the crypto industry has just made a new victim and not the least. Singapore-based hedge fund Three Arrows Capital (3AC) has been forced by a court in the British Virgin Islands to enter liquidation, an unnamed source told TheStreet on June 29. Restructuring firm Teneo has been appointed alongside another liquidator to handle the process, the primary purpose of which is to protect 3AC’s assets, the …

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