Three Arrows Capital considers asset sales and bailout, WSJ reports

From theblock.co

After a difficult week, crypto hedge fund Three Arrows Capital (3AC) has hired legal and financial advisers to help work out the best way to manage losses from a broader market selloff in digital assets, according to reports. 3AC co-founder Kyle Davies told The Wall Street Journal on Friday that the firm was “committed to working things out and finding an equitable solution for all our constituent [sic].” “We have always been believers in crypto and we still are,” Davies said. Founded in 2012 by former classmates Su Zhu and Davies, 3AC had grown into one of the biggest and best-known crypto hedge funds. ... (full story)