Similar Stories to Crypto Hedge Fund Three Arrows Capital Has Filed For Bankruptcy. Here's The Latest On The Companies Hit By The Liquidity Crunch. on Bing News

gglover@insider.com (George Glover), Business Insider
Mon, 07/04/2022 - 5:39am

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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Topics:  marco bello/getty images   crypto   3ac   troubled   chapter   manhattan   british virgin islands   november   marcus sotiriou   ftx ceo sam bankman-fried's alamdeda ventures   stephen ehrlich   financial times   deribit   bancor   roger ver   bitcoin jesus   network   goldman sachs   ceo zac prince   hong kong-based babel finance   vauld   coinbase ventures   genesis   coindesk   business insider   arrows capital   three arrows capital   digital   block   voyager   june   coinflex   babel    babel   latest   companies   liquidity crunch   capital has filed for bankruptcy   million   withdrawals   loan   friday   lender   market   collapse   losses   exchange   high   trading   repay   crisis   year   company   crash   all-time   reported   high-profile   firm   suspended   pause   exchanges   tweeted   assets   deposits   debt   billion   liquidated   fully   failed   faces   buy   lenders   court   accounts   
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