TPS Capital: The company operates independently of Three Arrows Capital

Jul 08,2022
KingData News: TPS Capital clarified on Twitter that TPS is run by a separate management team and operates its main OTC business without the involvement of 3AC or its principals. It is important to note that information barriers between the two firms were established and TPS acted solely as an intermediary in such transactions. In addition, TPS said the company is currently a creditor of 3AC and, like many other creditors, we also had no visibility into 3AC's strategyperformanceor financials.
On June 13, Zhu Su, co-founder of Three Arrows Capital, has removed ETH, AVAX, LUNA, SOL, NEAR, MINA and other Tokens from his Twitter profile. On June 15, sources revealed that the total liquidation amount of Three Arrows Capital on Deribit, BlockFi and other lending platforms was up to $400 million. This indicator provides a real-time tracking of news reports on Three Arrows Capital's liquidity crisis.
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