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Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears

Crypto hedge fund at center of crisis faces risk of default as deadline to repay $670 million nears

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs.

Yu Chun Christopher Wong | S3studio | Getty Images

Three Arrows Capital, a crypto-focused hedge fund, has to meet a deadline on Monday to repay more than $670 million in loans or face default, in a case that…


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