From 42c464dfc299c7f2e3a83ac91ff8cd2d2205a580 Mon Sep 17 00:00:00 2001
From: Rufus Pollock <rufus.pollock@datopian.com>
Date: Sat, 2 Jul 2022 15:01:38 +0200
Subject: [PATCH] [notes/3ac][s]: add update on 3ac bankruptcy.

---
 notes/3ac-three-arrows-capital.md | 14 +++++++++++++-
 1 file changed, 13 insertions(+), 1 deletion(-)

diff --git a/notes/3ac-three-arrows-capital.md b/notes/3ac-three-arrows-capital.md
index c88a0d0..04f8af5 100644
--- a/notes/3ac-three-arrows-capital.md
+++ b/notes/3ac-three-arrows-capital.md
@@ -1,9 +1,21 @@
 # 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.
\ No newline at end of file
+Why 3AC going under would be a problem.