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Alex Dovbnya
The embattled cryptocurrency hedge fund has collapsed into liquidation
A court based in the British Virgin Islands has ordered the liquidation of embattled hedge fund Three Arrows Capital, Sky News reports.
The liquidation of one of the most influential cryptocurrency firms could cause more pain for the cryptocurrency sector, which is struggling to recover after a string of bad news.
The Singapore-based firm was launched back in 2012 by former classmates Su Zhu and Kyle Davies.
Earlier this month, the Wall Street Journal reported that the troubled hedge fund was seeking a bailout agreement.
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Bitcoin is currently trading slightly above the $20,000 level.
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