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ONE OF THE LARGEST CRYPTOCURRENCY HEDGE FUNDS 3AC HAS GONE BANKRUPT

... one of its subsidiaries was in the process of liquidation by the decision of the British Virgin Islands Court (BVI), 3AC filed bankruptcy application. This happened on the basis of section 15 of the US Insolvency Code, which regulates cross-border bankruptcy.... ... But the company's co-founder Su Joo said last April that 3AC was planning to move to Dubai. According to court documents, the cryptocurrency options and futures exchange Deribit said that Three Arrows was unable to return $80 million because the hedge ...

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