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Blockchain.com and Deribit helped push 3AC into liquidation

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Both Blockchain.com and Deribit were part of a group of creditors who pushed for troubled cryptocurrency hedge fund Three Arrows Capital (3AC) to ordered into liquidation, according to a report by Bloomberg.

Cryptocurrency exchange Blockchain.com is also reported to have said that it is cooperating with ongoing investigations into 3AC which was forced into liquidation by a court order issued in the British Virgin Islands earlier this week. 

Crypto derivatives exchange Deribit was one of those liquidate 3AC’s capital positions after the fund failed to meet margin calls.

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