Three Arrows Capital Has $400 Million in Total Liquidations on Lending Platforms

Three Arrows Capital has total liquidations of up to $400 million on lending platforms such as Deribit and BlockFi. The liquidation event is just one of several setbacks by the firm, which has backed projects like Avalanche, Polkadot, and Ethereum which are all down 57%, 38.8%, and 47% over the last 30 days respectively. The fund sustained significant losses during the collapse of the Terra ecosystem last month, after investing heavily in its native token $LUNA. The firm reportedly managed approximately $10 billion at market peak by some estimates.