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    Three Arrows may have also been liquidated by Genesis Trading,

    Genesis Trading CEO Michael Moro confirmed that the firm had liquidated holdings in a significant counterparty that missed a margin call earlier this week. In such critical times as these, Moro believes it is vital for any firm to give openness.

    Although the CEO of Genesis didn’t say who the counterparty was, he was most likely referring to Three Arrows Capital. Three Arrows Capital’s founders declared on Friday that they are evaluating asset sales and rescue alternatives to avoid collapse.

    In a series of tweets on June 17, Genesis Trading’s CEO stated that a significant counterparty who failed to fulfil a margin call this week had been liquidated. To avoid further losses in the face of extraordinary market conditions, the corporation has liquidated or hedged all investments.

    Genesis Trading’s risk management methods, great track record, and robust balance sheet, according to Michael Moro, have not been harmed, and the company is operating as normal.

    Furthermore, Genesis Trading’s CEO Michael Moro claims that the business would help its clients in the face of increased crypto market volatility and speculation.

    Three Arrows Capital was liquidated by many prominent corporations after it failed to fulfil margin calls. BlockFi, FTX, Deribit, and BitMEX are among the crypto hedge funds that have sold their investments. There are also rumours that some Asian lenders have sold their holdings in Three Arrows Capital.
    Meanwhile, as it approaches insolvency, Three Arrows Capital is liquidating its stETH and ETH assets to satisfy creditors. As a result of the market-wide selloff in digital assets, the firm has engaged legal and financial consultants to help it find a solution.

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