Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report By Cointelegraph

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Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report

Crypto-focused hedge fund and enterprise capital agency Three Arrows Capital is contemplating the sale of remaining belongings and even a bailout because it grapples with the prospect of insolvency within the wake of a violent collapse in digital asset markets.

The agency, which additionally goes by 3AC, has employed authorized and monetary advisers to discover options for its buyers and lenders, The Wall Avenue Journal reported Friday. A number of choices are on the desk, together with asset gross sales and a rescue bundle by one other agency, co-founder Kyle Davies instructed the Journal. Within the meantime, 3AC is seeking to purchase extra time by negotiating a tentative settlement with current collectors.