This crypto lender to face hundreds of millions in losses due exposure in 3AC, Babel Finance. Know more2 min read 30 Jun 2022, 07:15 PM IST
Three Arrows Capital is the latest casualty of the bloodbath in the cryptocurrency markets. Founded by Su Zhu and Kyle Davies, the Singapore-based fund suffered huge losses following the collapse of Terra tokens UST and its sister Luna.
Full-service digital currency prime broker, Genesis is likely to make 'hundreds of millions' in losses due to its exposure in the over-leveraged hedge fund Three Arrows Capital (3AC) and Hong Kong-based crypto lender Babel Finance.
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