Crypto lender Celsius loaned $75 million to Three Arrows Capital

ICYMI: Crypto lender Celsius loaned $75 million to Three Arrows Capital

It claims it is owed $75 million from the collapsed hedge fund.Documents obtained by The Block show that Celsius made two loans in the stablecoin USDC to 3AC. One loan was for $50 million and the other for $25 million. That’s according to an affidavit submitted by 3AC co-founder Kyle Davies and a notice of termination from Celsius to 3AC.

in New York last week. In its initial court filings, Celsius claimed a $1.2 billion hole in its balance sheet as well as the possession of $600 million in celsius tokens as assets .

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