BlockchainCom and Deribit Seek 3AC's Liquidation From a British Virgin Islands Court

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BlockchainCom and Deribit Seek 3AC's Liquidation From a British Virgin Islands Court
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The crypto platform BlockchainCom and exchange Deribit are the latest industry participant to get involved in the ongoing 3AC saga.

BlockchainCom, also a creditor of the crypto-focused hedge fund, reportedly admitted to cooperating with law enforcement agencies for investigations into Three Arrows Capital. Along with Deribit, both companies said they requested the recent liquidation of 3AC.earlier this week the news that a court in the British Virgin Islands ordered Three Arrows Capital into liquidation.

This came amid the company’s ongoing struggles, which originated a few months ago after the Terra fiasco., two of the industry participants that sought that liquidation were BlockchainCom and Deribit – both of which were creditors of the hedge fund. “We believe Three Arrows Capital defrauded the crypto industry and intend to hold them accountable to the fullest extent of the law. We have filed for the immediate liquidation of all global assets of Three Arrows.” – said a statement from BlockchainCom.3AC alleging that it had lied to investors by providing false information and exceeded its allowed AUM threshold.Among those was Voyager Digital Holdings.

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