Did Celsius lend 75 million to Three Arrows Capital (3AC)? The answer, according to recent court filings and documents, is yes. Crypto lender Celsius loaned $75 million to collapsed hedge fund Three Arrows Capital (3AC) before its downfall. The details of this loan, and the implications for Celsius and 3AC's creditors, are now coming to light.

Celsius' $75 Million Loan to Three Arrows Capital: What We Know

A recent court filing revealed that crypto lender Celsius loaned $75 million to collapsed hedge fund Three Arrows Capital (3AC). Documents obtained by The Block show that Celsius made two loans in total. As per the filings made from Trustee Teneo, Three Arrow Capital, also known as 3AC, is submerged with debts worth $3.5 billion. Celsius claims it is owed $75 million from the collapsed hedge fund.

The Debt Crisis: 3AC's Billion-Dollar Obligations

According to documents submitted by Trustee Teneo, the $3.5 billion in obligations owed by the crypto hedge fund Three Arrow Capital, commonly known as 3AC, highlights the scale of its collapse. Recent court documents of embattled crypto hedge fund 3AC show that the company owes $2.3 billion to Genesis Asia Pacific, one of the largest lenders. As per the...

The Fallout: Implications for Celsius and the Crypto Market

The Celsius loan to 3AC underscores the interconnectedness and potential risks within the cryptocurrency ecosystem. The ongoing legal proceedings and asset recovery efforts are being closely watched by investors and regulators alike. This situation further highlights the importance of due diligence and risk management in the crypto lending space.