{"id":63072,"date":"2022-06-17T15:20:56","date_gmt":"2022-06-17T12:20:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63072"},"modified":"2025-09-05T21:51:14","modified_gmt":"2025-09-05T18:51:14","slug":"three-arrows-capital-positions-liquidated-on-bitmex-ftx-and-deribit","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/three-arrows-capital-positions-liquidated-on-bitmex-ftx-and-deribit\/","title":{"rendered":"Three Arrows Capital positions liquidated on BitMEX, FTX and Deribit"},"content":{"rendered":"

Cryptocurrency platforms BitMEX, FTX and Deribit liquidated the hedge fund Three Arrows Capital’s (3AC) positions due to its failure to meet margin requirements. The Block<\/a> reports, citing informed sources.<\/p>\n

Sources told the publication that 3AC owed BitMEX around $6 million. A representative of the crypto-derivatives exchange confirmed the forced closure of the position.<\/p>\n

\n

“It was a secured loan, in which client funds were not involved,” the company said.<\/p>\n<\/blockquote>\n

Deribit chief John Jansen declined to comment, but confirmed that since 2020 3AC has been a shareholder in the platform’s parent company. He said the exchange has “a small number of accounts” that are regarded as “potentially problematic”.<\/p>\n

\n

“Even if none of these debts are repaid, we will remain financially resilient. This will in no way affect our operations,” said Jansen.<\/p>\n<\/blockquote>\n

The publication also reached out to cryptocurrency exchange Bitfinex, where 3AC conducted trading operations. A company representative said that the hedge fund closed its positions on its own, incurring losses.<\/p>\n

Meanwhile, journalist Colin Wu, citing sources, reported that Asian institutional investors “liquidated hundreds of millions of dollars in 3AC”.<\/p>\n

Earlier, journalists from the Financial Times reported about the forced closure of at least part of 3AC’s positions<\/a> by the crypto-lending platform BlockFi. BlockFi chief Zak Prince indirectly confirmed the information, saying the company had liquidated a debt tied to a “major client”.<\/p>\n

Against the backdrop of the market slump, rumours of the hedge fund’s insolvency spread online, as it actively used protocols such as Aave. <\/p>\n

On June 16, the trading firm 8 Blocks Capital accused Three Arrows Capital of using client funds to cover margin calls<\/a>.<\/p>\n

Follow ForkLog’s bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cryptocurrency platforms BitMEX, FTX and Deribit liquidated the hedge fund Three Arrows Capital’s (3AC) positions due to its failure to meet margin requirements.<\/p>\n","protected":false},"author":1,"featured_media":63073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[788,1236,1352],"class_list":["post-63072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitmex","tag-ftx","tag-three-arrows-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63072"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63072\/revisions"}],"predecessor-version":[{"id":63074,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63072\/revisions\/63074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63073"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}