It has been revealed that almost 30 companies have lent money to Three Arrows Capital (3AC), a crypto hedge fund that filed for bankruptcy earlier this month. The total debt is $3.5 billion, with the list of creditors including the fund’s co-founder and his wife.

  • The information came from court documents describing the liquidation of 3AC (spotted by The Block).
  • Genesis Asia Pacific, a company under Digital Currency Group, is the biggest creditor on the list, lending $2.3 billion to the collapsed fund.
  • It is followed by Voyager Digital, a crypto broker that filed for bankruptcy after 3AC failed to pay a $685 million loan.
  • Other creditors cited in the documents include Celsius Network ($75 million), FalconX ($65 million), DRB Panama ($51 million), and CoinList Services ($35 million).
  • It is worth noting that 3AC co-founder Zhu Su and his wife Chen Kelly are also listed among the 27 creditors, seeking the return of $5 million and $65 million, respectively.

Three Arrows Capital filed for bankruptcy under Chapter 15 of the US Bankruptcy Code soon after the infamous Terra collapse. The stablecoin’s crash resulted in the fund losing around $200 million.

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