The media reported on the elimination of 3ac positions on Bitmex, FTX and Deribit

The cryptocurrency platforms of BitMex, FTX and Deribit eliminated the positions of the Head Fund Three Arrows Capital (3ac) due to the inability of the latter to fulfill marginal requirements. About this writes The Block with reference to informed sources.

The interlocutors of the publication said that 3AC owed BitMex about $ 6 million. The representative of the cryptoderivati ​​exchange confirmed information about the forced closure of the position.

“It was a collateral loan in which customer funds were not involved,” the company said.

The head of Deribit John Yangsen refused to comment on the situation, but confirmed that since 2020, 3AC is the shareholder of the maternal company of the platform. According to him, the exchange has a “small number of accounts”, which are considered “potentially problematic”.

“Even if none of these Помилка Binance, debts is repaid, we will remain financially stable. This will not affect our activities, ”said Jansen.

The publication also contacted the Bitfinex cryptocurrency exchange, on which 3AC carried out trading operations. The company representative said that the hedge fund independently closed the positions with a loss.

At the same time, journalist Colin Wu, with reference to sources, said that, Asian institutional investors “eliminated hundreds of millions of dollars in 3ac”.

Earlier, FINANCIAL Times reported for the forced closure of at least part of the 3C cryptolendine platform Blockkfi. The head of the latter Zach Prince indirectly confirmed the information, saying that the company eliminated the debt associated with the “large client”.

Against the backdrop of a market collapse, rumors appeared about the insolvency of the hedge fund, which actively used protocols like AAVE.

Recall, on June 16, the 8 Blocks Capital trading company accused Three Arrows Capital of the use of clients to cover marrazin collars.

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