According to a report on June 28th, a media revealed on the June 27th that Three Arrows Capital (3AC) must repay the loan worths 670 million US dollars by June 27th, but it has yet to be done so far.
3AC is one of the most well-known hedge funds investing in crypto-assets and is known for its highly leveraged bets.
3AC has faced potential liquidity and payment problems in recent weeks as billions of dollars have disappeared from the digital currency market due to the collapse of TerraUSD and Luna as well as the collapse of Bitcoin.
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