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[notes/3ac][s]: add update on 3ac bankruptcy.

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Rufus Pollock 2022-07-02 15:01:38 +02:00
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notes/3ac-three-arrows-capital.md
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# 3 Arrows Capital
**Update**: 1 July 2022. Three Arrows Capital files for bankruptcy (Chapter 15) in New York after being pushed into liquidation in the British Virgin Islands by [[notes/deribit|DeriBit]] (who they apparently owe $80m).
Best overview is in the FT: https://www.ft.com/content/8e4538cc-e8c5-4cc2-9448-053074f72f67
Counterparty exposure (please add):
- Voyager: $650m
- BlockFi: $80m
- DeriBit: $80m
## History
https://twitter.com/Danny8BC/status/1537224378554806272
Evidence of 3AC using custodial funds to meet their own margin calls.
https://twitter.com/hodlKRYPTONITE/status/1536902115540742144
Why 3AC going under would be a problem.
Why 3AC going under would be a problem.