Will 3AC go bankrupt?

Now the firm, also known as 3AC, is headed to bankruptcy court after the plunge in cryptocurrency prices and a particularly risky trading strategy combined to wipe out its assets and leave it unable to repay lenders.

What happened between BlockFi & 3AC?

(CoinDesk archives) © Provided by CoinDesk A federal judge sent BlockFi and Three Arrows Capital lawyers into mediation to try to settle a dispute over $284 million in payments to BlockFi. 3AC was stymied in an effort to combine some of its many court cases into a unified effort.

Is 3AC facing a $270 million hit on loans?

With the crypto market down by more than $1 trillion since April, led by the slide in bitcoin and ethereum, investors with concentrated bets on firms like 3AC are suffering the consequences. Crypto exchange Blockchain.com reportedly faces a $270 million hit on loans to 3AC.

Did 3AC fail to meet margin calls?

The bankruptcy filing of 3AC, a crypto hedge fund that failed to meet margin calls, set off a domino effect in the market.