Three Arrows Capital Liquidation Ordered By A British Virgin Islands Court

A court in the British Virgin Islands has ordered the liquidation of Singapore-based Three Arrows Capital, underlining the crisis gripping the cryptocurrency sector.

Three Arrows Capital, a cryptocurrency-focused hedge fund, has plunged into liquidation, deepening the crisis engulfing the global digital assets sector.

Sky News has learnt that partners from Teneo in the British Virgin Islands has been lined up to handle the insolvency of the Singapore-based firm, which was set up in 2012 by Su Zhu and Kyle Davies.

Read the full article: https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402

A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd after creditors sued the cryptocurrency hedge fund for failure to repay debts.

Do you think these liquidations might trigger further sell-offs in crypto?