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Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation

Crypto hedge fund Three Arrows Capital (3AC) has requested to be included in the bankruptcy mediation process for crypto lender Genesis Global. The request comes after Genesis sought to expand the mediator's mandate by two weeks.

3AC has asserted claims of over $1 billion for transfers made to Genesis prior to bankruptcy and believes their participation is necessary to address the claims of all stakeholders. The proposal to extend mediation will be discussed at a hearing on Monday.

Three Arrows Capital
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