Another crypto company has come forward seeking funds from the now insolvent Three Arrows Capital. Crypto broker GenesisTrading has filed a claim against the insolvent crypto hedge fund to the tune of $1.2 billion.
Crypto broker Genesis Global Trading, has filed a $1.2 billion claim against the now insolvent Three Arrows Capital, according to a 1,157-page court filing uploaded by bankruptcy trustee Teneo.
The filing indicates that Genesis Asia Pacific Pte. Ltd., a subsidiary of Genesis Global, sought relief from Three Arrows regarding assets of $1.14 billion, as well as pledged AVAX and NEAR tokens worth a total of $91.3 million, on June 15.
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