Digital Assets Report

Newsletter

Like this article?

Sign up to our free newsletter

Three Arrows uncertainty prompts Finblox to impose withdrawal limit

Related Topics

The current uncertainty surrounding digital assets hedge fund Three Arrows Capital has prompted Finblox a platform that offers traders 90 per cent annualised yields for lending out – staking – their cryptocurrencies, to introduce a $1,500 monthly withdrawal limit and pause rewards, according to a report by CoinDesk.

The current uncertainty surrounding digital assets hedge fund Three Arrows Capital has prompted Finblox a platform that offers traders 90 per cent annualised yields for lending out – staking – their cryptocurrencies, to introduce a $1,500 monthly withdrawal limit and pause rewards, according to a report by CoinDesk.

Singapore-based Three Arrows, one of the largest and most active players in the crypto space, has reportedly had positions amounting to $400 million liquidated after it failed to meet margin calls made by lenders.

A Finblox statement shared on Twitter, said teh company had decided to act while itv evaluates the wider impact of Three Arrows problems.  has made the changes as it evaluates the impact of Three Arrow Capital’s reported issues. 

The hedge fund made a $3.6 million investment in Hong Kong-based Finblox last December.

Like this article? Sign up to our free newsletter

Most Popular

Further Reading

Featured