[ad_1]
It has been revealed that just about 30 corporations have lent cash to Three Arrows Capital (3AC), a crypto hedge fund that filed for chapter earlier this month. The full debt is $3.5 billion, with the checklist of collectors together with the fund’s co-founder and his spouse.
- The data got here from court documents describing the liquidation of 3AC (noticed by The Block).
- Genesis Asia Pacific, an organization beneath Digital Foreign money Group, is the most important creditor on the checklist, lending $2.3 billion to the collapsed fund.
- It’s adopted by Voyager Digital, a crypto dealer that filed for chapter after 3AC did not pay a $685 million mortgage.
- Different collectors cited within the paperwork embody Celsius Community ($75 million), FalconX ($65 million), DRB Panama ($51 million), and CoinList Providers ($35 million).
- It’s value noting that 3AC co-founder Zhu Su and his spouse Chen Kelly are additionally listed among the many 27 collectors, looking for the return of $5 million and $65 million, respectively.
Three Arrows Capital filed for bankruptcy beneath Chapter 15 of the US Chapter Code quickly after the notorious Terra collapse. The stablecoin’s crash resulted within the fund dropping round $200 million.
[ad_2]
Source link
