June 17 (Reuters) - Cryptocurrency hedge fund Three Arrows Capital Ltd is exploring options, including the sale of assets and a bailout by another firm, the Wall Street Journal reported on Friday. On Thursday, the Financial Times reported that Three Arrows Capital failed to meet margin calls last weekend. "The Terra-Luna situation caught us very much off guard," Davies said, according to the Wall Street Journal, adding that Three Arrows invested about $200 million in Luna. BlockFi CEO Zac Prince tweeted on Thursday that his company liquidated collateral against a loan to a large client that he did not name. "We fully accelerated the loan and fully liquidated or hedged all the associated collateral," he said.

Source: Wall Street Journal June 17, 2022 14:36 UTC