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Blockchain.com faces $270 million hit on loans to bankrupt Three Arrows

  • Jul 11, 2022 at 5:39 AM

Fri, July 8, 2022 at 11:16 AM·1 min read

(Reuters) -Cryptocurrency exchange Blockchain.com could lose $270 million on its loans to bankrupt crypto hedge fund Three Arrows Capital (3AC), a source with knowledge of the matter said on Friday.

The development comes days after 3AC filed for Chapter 15 bankruptcy, seeking protection from creditors in the United States after one of the most high-profile blow-ups of the crypto crash this year.

https://finance.yahoo.com/news/blockchain-com-faces-270-million-161650700.html

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