Scary Wednesday for the crypto industry continues as Three Arrows Capital (3AC) has been ordered to liquidate by the British Virgin Islands court. The Singapore-based crypto hedge fund enjoyed its prime during the bullish run of cryptocurrencies a year ago. Now, as Bitcoin (BTC) struggles to bounce back after briefly dropping below $20,000, 3AC is late on loan repayments.
One Thing Led to Another for 3AC
Sky News earlier reported that the dissolution of Three Arrows Capital is handled by Teneo Restructuring, a company based in the British Virgin Islands. However, the real trouble has been following Three Arrows Capital since Monday, when Voyager Digital sent 3AC a notice of default, saying 3AC is reluctant to pay a $675 million loan.
Su Zhu and Kyle Davies, the leaders of Three Arrows Capital (3AC), have been heavily surrounded by media controversy amid the infamous Terra Luna crash. Apparently, the company recorded an off-putting loss of $200 million.
此外，Kyle Davies 承认，他没想到 Do Kwon 的 Terra (LUNA) 和 Terra (UST) 会以戏剧性的惨败告终，并且直截了当：“Terra-Luna 的情况让我们非常措手不及，”戴维斯说。
雪上加霜的是，推特上发布了一条更新，将公司名称嘲笑为“三错误资本”而不是“三箭资本”。
最终，由于未满足追加保证金要求，FTX 和 Deribit 等许多加密货币交易所在其平台上清算了 3AC 头寸。 现在，在清算过程中帮助三箭资本的公司 Teneo Restructuring 正在开设一个网站，投资者可以在该网站上对 3AC 提出索赔。
尽管如此，激烈的加密风暴仍在继续，即使是加密世界的大玩家也必须保持谨慎，以免落入熊市陷阱。
