Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details, Deribit Demands Three Arrows Capital Liquidation

Cryptocurrency Jul 01, 2022 11:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items, Deribit Demands Three Arrows Capital Liquidation

  • Blockchain com, and Deribit confirmed that they are among creditors that sought the liquidation of Three Arrows, Bloomberg reports.
  • In March, Nansen valued Three Arrows at $10 billion. Before April’s crisis, it controlled $3 billion.
  • Three Arrows Capital was recently reprimanded by Singapore’s Monetary Authority for giving incorrect information and exceeding the AUM threshold.

The cryptocurrency hedge fund Three Arrows Capital (3AC) was having financial difficulties, and several of its creditors wanted the firm to be liquidated. Among those creditors were and Deribit.

According to Bloomberg, firm executives and a court document confirmed that the two were creditors of the hedge fund, which went bankrupt a few days ago and is now being liquidated.

“We believe Three Arrows Capital defrauded the crypto industry and intend to hold them accountable to the fullest extent of the law,” said a spokesperson at They add that they have submitted paperwork to initiate the immediate liquidation of all Three Arrows Capital worldwide assets.

On the other side, the Deribit team had shown beyond a reasonable doubt that it had connections to Three Arrows Capital. Nevertheless, it assured investors that there would be no problems with the company going bankrupt since the company would still be financially strong even if the loans weren’t fulfilled.

Three Arrows Capital managed billions of dollars in crypto assets until the market meltdown. Nansen estimates Three Arrows’ assets at $10 billion in March. Before April’s crypto market crash, it controlled $3 billion.

In related news, the Monetary Authority of Singapore penalized Three Arrows Capital for providing inaccurate information and handling more money than it was authorized to manage. Since June of 2021, according to a statement released by the central bank, it has been investigating the conduct in question.

Continue reading on CoinQuora, Deribit Demands Three Arrows Capital Liquidation

Related Articles

Shiba Inu Surges Over 30%, At Highest Since April
Shiba Inu Surges Over 30%, At Highest Since April By DailyCoin - Aug 16, 2022

After the bearish lull experienced by the crypto market, Shiba Inu’s upward trend has pleasantly surprised investors. SHIB has surged over 30% in the last few days,...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email