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

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:
  • Why FTX’s Generous Bankruptcy Payouts Still Leave Some Creditors Cold
    whose dollar value increased more than five-fold since the exchange filed for bankruptcy, were sold at steep discounts—up to 60% of their market prices—to a host of large crypto companies and hedge ...
    06/9/2024 - 11:30 pm | View Link
  • SEC’s hedge fund clampdown faces setback in US court
    The regulator is weighing its options after a federal appeals court ruled against its proposed fee disclosure rule.
    06/5/2024 - 4:55 am | View Link
  • SBA approved millions of loans during Covid. It now sits at the center of a bankruptcy wave.
    The SBA finds itself in a spot it has never been before — as the main creditor to an ever-growing number of small businesses choosing bankruptcy.
    06/4/2024 - 6:17 am | View Link
  • Latest Crypto & Bitcoin News
    It may seem like the industry is finally getting the political support it needs. But proceed with caution. The Fed held policy steady, but now expects just one rate cut this year versus a ...
    05/28/2024 - 8:34 pm | View Link
  • Investing in Cryptocurrency in 2024
    A better way to gain exposure is to invest in bigger, more established companies that benefit from crypto's popularity. The revenue that crypto service providers are deriving from blockchain tech ...
    05/28/2024 - 1:15 am | 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