Crypto derivatives exchange Deribit has filed for liquidation against Three Arrows Capital (3AC) in a court in the British Virgin Islands.
Leading crypto derivatives exchange Deribit, along with several other parties, has filed for liquidation against Three Arrows Capital (3AC), according to a report by The Block. Deribit confirmed the liquidation application in question.
Bloomberg previously wrote that Blockchain.com is also interested in liquidating the company. However, Deribit did not disclose the identities of the parties involved in the process, due to confidentiality agreements. Therefore, it is unknown whether Blockchain.com is involved in the process.
The move comes after Deribit announced that it was among the exchanges liquidating the positions of Three Arrows Capital. Three Arrows is also among Deribit’s shareholders. On the other hand, although BitMEX is among the exchanges that liquidated Three Arrows and the fund owed $6 million, it did not agree with Deribit’s application, according to the company spokesperson’s statement.
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