Deribit Confirms Three Arrows Capital Is Its Parent Company Shareholder and Operations Will Not Be Affected

Crypto derivatives exchange Deribit tweeted that Three Arrows Capital has been a shareholder of their parent company since February 2020. Due to market developments, Deribit has a small number of accounts that have a net debt to us that they consider as potentially distressed. Even in the event that none of this debt is repaid to Deribit, they will remain financially healthy and operations will not be impacted. Deribit can confirm all customer funds are safe and the full insurance fund will remain intact as is. Any potential losses will be covered by Deribit.