British Court Orders Liquidation To Three Arrows Capital

British Virgin Islands court orders 3AC to liquidate

Sky news reported earlier today that the court of the British Virgin Islands has issued 3AC liquidation.

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These orders might worsen the already existing crisis in the bear market.

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According to the report, partners from Teneo in the British Virgin Islands have been lined up to handle the insolvency of the company.

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Last week Voyager issued a notice of default to Three Arrows Capital due to its inability to repay the loan.

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The Singapore-based Hedge Fund had taken a loan of $ 660 million dollars from Voyager.

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Three Arrows Capital crisis started surfacing with the collapse of LUNA and UST last month.

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The Hedge fund had stated last month that they are looking out for external help to cope with the financial crisis.

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