{"id":464444,"date":"2022-06-17T19:00:00","date_gmt":"2022-06-17T16:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/three-arrows-capital-weighs-bailout-as-kyle-davies-breaks-silence-report\/"},"modified":"2022-06-17T19:00:00","modified_gmt":"2022-06-17T16:00:00","slug":"three-arrows-capital-weighs-bailout-as-kyle-davies-breaks-silence-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/three-arrows-capital-weighs-bailout-as-kyle-davies-breaks-silence-report\/","title":{"rendered":"# Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dd205072df\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dd205072df\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/three-arrows-capital-weighs-bailout-as-kyle-davies-breaks-silence-report\/#%E2%80%9D_Three_Arrows_Capital_weighs_bailout_as_Kyle_Davies_breaks_silence_Report_%E2%80%9C\" >&#8221; Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Three_Arrows_Capital_weighs_bailout_as_Kyle_Davies_breaks_silence_Report_%E2%80%9C\"><\/span>&#8221; Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvN2EwZmUxYmEtMDhjOS00YWE4LWExNmMtMzYzMjJmMGViZGYxLmpwZWc=.jpeg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it gr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>les with the prospect of insolvency in the wake of a violent collapse in digital asset markets.\u00a0<\/p>\n<p>The firm, which also goes by 3AC, has hired legal and financial advisers to explore solutions for its investors and lenders, The Wall Street Journal <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/battered-crypto-hedge-fund-three-arrows-capital-considers-asset-sales-bailout-11655469932?mod=latest_headlines\">reported<\/a> Friday. Several options are on the table, including asset sales and a rescue package by another firm, co-founder Kyle Davies told the Journal. In the meantime, 3AC is looking to buy more time by negotiating a tentative agreement with existing creditors. <\/p>\n<p>Davies, who said he still believes in the future of crypto, disclosed the extent of 3AC\u2019s participation in a $1 billion token sale issued by Luna Foundation Guard (LFG), a nonprofit organization set up to defend the Terra ecosystem\u2019s stablecoin peg, in February of this year. Davies said that 3AC bought roughly $200 million in LUNC (previously LUNA) tokens during the sale, which also had participation from venture firms DeFiance Capital, Republic Capital, GSR and Tribe Capital, among others. <\/p>\n<p>Earlier this week, a whistleblower from the Terra Community Forum revealed that 3AC had purchased a total of 10.9 million locked LUNC worth nearly $560 million. That position is now worth less than $1,000. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Three Arrows Capital bought 10.9M locked LUNA for $559.6m &#8211; it&#8217;s now worth $670.45.<\/p>\n<p>Ouch<\/p>\n<p>\u2014 Crypto Maxi (@cryptoMaxi420) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptoMaxi420\/status\/1536782495332683783?ref_src=twsrc%5Etfw\">June 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nIn addition to being exposed to the Terra ecosystem collapse, 3AC incurred massive liquidations across multiple positions this week after the price of Bitcoin (BTC) and Ether (ETH) plunged to their lowest levels since December 2020. <\/p>\n<p><strong><em>Related:\u00a0Su Zhu\u2019s cryptic statement as rumors swirl of 3AC liquidations and insolvency<\/em><\/strong><\/p>\n<p>As Cointelegraph reported on Thursday, Three Arrows Capital failed to meet margin calls from a group of lenders that included BlockFi. These firms liquidated at least some of 3AC\u2019s positions.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/three-arrows-capital-weighs-bailout-as-kyle-davies-breaks-silence-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report &#8220; Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a violent collapse in digital asset markets.\u00a0 The firm,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":464445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvN2EwZmUxYmEtMDhjOS00YWE4LWExNmMtMzYzMjJmMGViZGYxLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74982,122378,117,71745],"class_list":["post-464444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-btc-markets","tag-terra","tag-business","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=464444"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/464444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/464445"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=464444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=464444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=464444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}