Blockchain.com cooperating with investigations into Three Arrows - Aliens: AI Crypto News & Markets Updates
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Blockchain.com cooperating with investigations into Three Arrows

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The Straits Times

Thu, Jun 30, 2022

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NEW YORK (BLOOMBERG) - Blockchain.com, a creditor of Three Arrows Capital, said it is cooperating with ongoing investigations into the troubled crypto hedge fund.

Blockchain.com and Deribit, a crypto derivatives exchange, confirmed that they are among creditors that sought for the liquidation of Three Arrows at a court in the British Virgin Islands, according to a court filing and representatives at the two companies.

"We believe Three Arrows Capital defrauded the crypto industry and intend to hold them accountable to the fullest extent of the law," a spokesman at Blockchain.com said in an emailed statement.

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

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