Comment on Crypto hedge fund Three Arrows Capital has filed for bankruptcy. Here's the latest on the companies hit by the liquidity crunch.

Crypto hedge fund Three Arrows Capital has filed for bankruptcy. Here's the latest on the companies hit by the liquidity crunch.

Bitcoin has plummeted 71% from its all-time high this year - creating a crypto liquidity crisis.Marco Bello/Getty Images Crypto hedge fund Three Arrows Capital filed for bankruptcy Friday, intensifying concerns about stability. 3AC is the latest company to collapse in a liquidity crisis spurred by the crypto crash this year. Here are the high-profile crypto lending platforms and exchanges struggling with the impact. Troubled crypto hedge fund Three Arrows Capital has filed for bankruptcy in the US, making it the latest crypto investment firm to collapse during this year's digital asset sell-off.The hedge fund, familiarly known as 3AC, filed for Chapter 15 bankruptcy in a Manhattan federal court Friday, just three days after it was liquidated in the British Virgin Islands for defaulting on a $667 million loan to Voyager Digital.The liquidity crisis in the crypto ecosystem stems from cryptocurrencies' dismal performance in 2022, which has seen leading token bitcoin plummet more than 70% from its all-time high in November.3AC has lost at least $400 million during the crash, according to The Block.

 

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