Three Arrows Capital (3AC) Considers All Options Amid Bankruptcy Rumors

Three Arrows Capital (3AC) has hired legal and financial advisors to help it explore multiple options, including asset sales and bailout by another company amid rumors of bankruptcy.

The Wall Street Journal (WSJ) 17 June According to the news dated 3ACafter great losses help evaluate your options for legal and financial consultants kept it.

Co-Founder of Three Arrows Capital Kyle Davies He used the following statements in his interview:

We have always believed in crypto and still do. We are committed to solving things and finding a fair solution for all of our founders.

Davies3AC asset sales and rescued by another company He said he was exploring several options, including: The company hopes to reach an agreement with creditors that will give it more time to come up with a plan.

3ACearlier this year Luna Foundation Guard made by 1 billion dollarsHe was among a group of large investors who participated in the coin token sale.

As part of this agreement, the company paid approximately 200 million dollars invested and this amount TerraUSD and lunathat it was deleted after crashing in a few days Davies, “The Terra-Luna collapse caught us very off-guard” used the phrases.

Daviesthe company luna that he was able to withstand the collapse, but in recent weeks bitcoin (BTC) and Ethereum (ETH) He said that the chain of events that caused the overall collapse of the crypto money market created more problems.

Rumors of bankruptcy emerged earlier this week. 3AC, April under the management of approximately 3 billion dollarshad wealth.

Updating…

source site-10