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News Explorer — BlockFi, Three Arrows Must Enter Mediation Over $284M Claim

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Oct 10, 7:23 pm

Coindesk

BlockFi, Three Arrows Must Enter Mediation Over $284M Claim

A U.S. bankruptcy judge has ordered failed crypto hedge fund Three Arrows Capital (3AC) and crypto lender BlockFi to enter mediation to resolve a $284 million claim. The dispute centers around "preferential payments" made by 3AC to BlockFi before the bankruptcy filing. If a settlement cannot be reached, a hearing will be held in February to determine the amount of money that should be returned.

A U.S. bankruptcy judge has ordered failed crypto hedge fund Three Arrows Capital (3AC) and crypto lender BlockFi to enter mediation to resolve a $284 million claim. The dispute centers around "preferential payments" made by 3AC to BlockFi before the bankruptcy filing. If a settlement cannot be reached, a hearing will be held in February to determine the amount of money that should be returned.

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