Did blockchain lose $270 million from three arrows capital?

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.

Who is the CEO of blockchain?

Writing on the company's website, CEO Mr Smith said: 'Since 2011, the Blockchain.com team has been heads down, relentlessly focused on building a company at the intersection of cryptocurrency, institutions, and (most importantly) people around the world.

Will Blockchain Change value in the digital age?

The transformation of value in the digital age. Blockchain.com “remains liquid, solvent and our customers will not be impacted,” wrote CEO Peter Smith in a letter to shareholders.

How much money does blockchain make a day?

Out of 576 crypto exchanges tracked by CoinGecko, Blockchain ranks 57th by daily volume as of publication, with about $6.1 million in daily trading volume—less than 1% of the volume by competitors in the top 5.