Three Arrows Capital explores asset sales after crypto wagers get slammed

Struggling cryptocurrency hedge fund Three Arrows Capital is considering engaging in asset sales among other solutions for its investors and lenders after its wagers turned sour from a broad risk-off environment, the firm's founders said in an interview Friday, as reported by the Wall Street Journal. “We have always been believers in crypto and we still are,” said Three Arrows Co-Founder Kyle Davies, as quoted by the WSJ. “We are committed to working things out and finding an equitable solution for all our constituent.” Meanwhile, the multi-billion dollar investment firm is aiming to expand its time horizon on working out a plan by potentially reaching an agreement with creditors, the Davies told the WSJ. To shed some light on its heavy losses, Three Arrows earlier this year took part in a $1B token sale by Luna Foundation Guard, started by Do Kwon, the creator of algorithmic stablecoin TerraUST (UST-USD), which ended up