Three Arrows Capital failed to meet margin calls

Three Arrows Capital failed to meet demands from lenders to provide new funds.

The report was originally published by Financial Times.

Unable to meet margin call is a huge deal, as  Singapore-based Three Arrows is among the biggest and most active players in the crypto industry with investments across lending and trading platforms.

Whales are currently static at unusualwhales.com/crypto, but the sell off has been ongoing to at low as $20,000.