Crypto: Fear Returns with the Default of a Prominent Hedge Fund

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The Street

By Luc Olinga Cryptocurrency prices drop again after a Three Arrows Capital payment default. The lull does not seem to be able to last on the cryptocurrency market. After a few stabilization sessions, the prices of digital currencies are falling again, suggesting that investors’ fears and questions about the solvency of certain firms in the sector remain strong. These fears have just been confirmed with the default of payment by the powerful hedge fund Three Arrows (3AC). 3AC has defaulted on a loan worth more than $670 million, digital asset brokerage Voyager Digital said on June 27 in a noti…

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