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.

BING NEWS:
  • Telecoms Drop Sharply as Traders Hedge on Growth -- Communications Services Roundup
    Communications services companies fell sharply as traders hedged their bets on the outlook for growth in the sector. American Tower posted ...
    04/30/2024 - 10:27 am | View Link
  • A Hedge Fund Billionaire’s Cash Helped Fund a ‘Predatory’ Lender
    One man started a cash-advance company. The other was a retired investing legend. A private credit fund had what both were looking for.
    04/22/2024 - 10:00 pm | View Link
  • Top Crypto Bankruptcies: What You Need To Know
    There are lessons to be learned from the major crypto bankruptcies. This guide covers a number of these monumental events in detail.
    04/22/2024 - 8:25 pm | View Link
  • HEDGE FLOW Hedge fund borrowing hits five-year peak, Goldman Sachs says
    Global hedge fund borrowing rose to a five-year high in the week to April 19, a Goldman Sachs note showed, as hedge funds ramped up trading to take advantage of the first sharp dip in U.S. and ...
    04/21/2024 - 11:26 pm | View Link
  • Bitcoin’s latest crash shows crypto is no haven during wartime
    Still, this doesn’t change the fact that amid the latest geopolitical crisis, more people chose to sell Bitcoin than buy it. The broader market treated Bitcoin as a risky asset to flee in favor ...
    04/14/2024 - 10:21 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News