Could blockchain lose $270 million on loans to three arrows capital?

From startups to the FAANGs, get the latest news and trends in the global technology industry. 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.

Is three arrows capital investigating a crypto hedge fund?

Blockchain.com, a creditor of Three Arrows Capital, said it is cooperating with ongoing investigations into the troubled crypto hedge fund.

How much money did three arrows have under management in March?

Three Arrows’ assets under management were estimated to be about $10 billion in March, according to blockchain analytics firm Nansen. Davies told the Wall Street Journal earlier this month that it had roughly $3 billion in assets under management in April before crypto markets crashed.

Is blockchain a liquid & solvent cryptocurrency exchange?

Blockchain.com, a London-based crypto wallet provider and exchange valued at $14 billion in March, said it remains liquid and solvent with a strong financial position, and customers won’t be affected.