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Exposure

Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital – Exchanges Bitcoin News

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Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific in nature,” Coinbase stressed. Coinbase: ‘We Have Not Engaged in These Types of Risky Lending Practices’ The

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Source claims 3AC’s Deribit exposure is worth much less than reported

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Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exposure to crypto options exchange Deribit. In a 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin

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Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure – Bitcoin News

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According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive stressed that the firm

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Blockchain.com CEO Reveals Potential $270M Loss Due to Three Arrows Capital Exposure

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Summary: Blockchain.com’s CEO has revealed that the company faces a $270 million loss on loans to the Three Arrows Capital hedge fund. However, he states that the company remains liquid and solvent, and its customer will not be affected by the loss. Blockchain.com CEO, Peter Smith, has revealed that the crypto exchange faces

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Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses

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Digital Currency Group’s market maker and lending firm Genesis Trading has confirmed that it had investment exposure in the now-liquidated Three Arrows Capital (3AC).The insolvency and subsequent liquidation order of the embattled company sent shockwaves through the cryptocurrency space last week amid an ongoing downturn across crypto markets. A major

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World’s first short Bitcoin ETF sees exposure explode 300% in days

boss Exchanges, News

Bitcoin (BTC) remains a popular institutional investment target in July, but the money is not betting on a bright future.According to data from research firm Arcane Research published July 6, institutional flows focused on products offering exposure to shorting BTC in the first week of the month.Shorting Bitcoin is the

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KuCoin CEO Refutes Rumors that the Exchange Will Pause Withdrawals or Had Exposure to 3AC, LUNA or Babel Finance.

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Summary: KuCoin CEO, Johnny Lyu, has debunked rumors that the exchange will soon pause withdrawals. According to Mr. Lyu, KuCoin does not have direct exposure to collapsed LUNA, Three Arrows Capital, or Babel Finance. He further reassures that ‘everything on KuCoin is operating well.’ The CEO of KuCoin, Johnny Lyu, has refuted claims that

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Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources

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The precise tally of Genesis’ losses may not be known for some time because the company is seeking at least partial repayment from its counterparties and some of the losses may have been offset by hedging, sources said. Amid such uncertainty, Genesis has been pulling credit lines from counterparties left

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