Wall Street

Luna Crash: Crypto Hedge Fund Three Arrows Seeks a Savior

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The Street

By Luc Olinga The fall of cryptocurrencies causes colossal losses to investors and threatens to wipe out certain projects and firms. Who’s next? The cryptocurrency crash for several weeks continues to claim victims. In addition to retail investors who have lost their savings, institutional investors are also in disarray and more particularly the firms which have funded a large number of crypto projects. This is the case of Three Arrows Capital (3AC), which has just confirmed the rumors according to which it was in very serious financial difficulties after its investments in projects like Luna …

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