Three Arrows Capital creditors lent bankrupt fund $3.5 billion, court documents show

07/19 00:01

Collapsed crypto hedge fund Three Arrows Capital (3AC) owed 27 crypto companies $3.5 billion, according to court documents published today by 3AC's liquidators. The largest creditor on the list is Genesis Asia Pacific Pte Ltd., a unit of the brokerage subsidiary of Digital Currency Group (DCG), which had lent $2.3 billion to 3AC. Voyager Digital LLC, which recently filed for bankruptcy, follows Genesis with a loan of more than $685 million to 3AC in the form of bitcoin and ether — the amount calculated per current crypto prices. Other high-profile creditors of 3AC include DRB Panama Inc., which lent 1,300 BTC and 15,000 ETH, worth around $51 million at current prices; Celsius Network (which lent around $75 million in USDC); CoinList Services ($35 million in USDC) and FalconX ($65 million).
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