Crypto markets have been everything but fun and safe for investors across the board. Even with many projects being started up and money seemingly being pumped into a dying market, it is still ravaging the investments of others. One of those others is Three Arrows Capital.

Three Arrows Capital Evaluates Recovery Plans - Arover — **Image Source**

The crypto hedge fund failed to meet margin calls this past weekend as the crypto market tanked, according to the Financial Times. BlockFi was among the groups that liquidated at least some of the Three Arrows’ positions.

Three Arrows made an investment in BlockFi in 2020 and had borrowed Bitcoin from the company but was unable to meet the margin call on that exact loan. According to other sources, there was a mutual agreement on the liquidation.

Zac Prince, CEO of BlockFi, took to Twitter to say his company liquidated collateral against the loan, "We fully accelerated the loan and fully liquidated or hedged all the associated collateral.”

In response, Three Arrows also tweeted that it was looking to work things out.

"We are in the process of communicating with relevant parties and fully committed to working this out.”
Su Zhu, the co-founder, said in a tweet.

Uniic Media

Three Arrows Capital fails to Meet Margin…