Cryptocurrency News

Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation

06/16/2022

Less than a minute

2022.06.16 14:06

Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation

Danny Yuan, the CEO of trading firm 8 Blocks Capital, called out to platforms that are holding funds owned by 3AC to freeze the assets, as rumors of 3AC’s insolvency stay afloat.

In a Twitter (NYSE:TWTR) thread, Yuan explained their company’s involvement with 3AC, noting that they are paying the company to use the trading accounts that they own. The agreement included the ability to withdraw funds at any given time. He explained that:

06/16/2022

Less than a minute

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