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The collapse of 3AC has reverberated through the industry, further damaging the credibility of the asset class. (Nikkei montage/Reuters/AP)
Market Spotlight

Aftershocks: 3AC's collapse reverberates through crypto ecosystem

Creditors scared as cryptocurrency hedge fund's liquidation yields little so far

DYLAN LOH, Nikkei staff writer | Singapore

SINGAPORE -- On a white, pristine wall of an office unit in downtown Singapore hangs a reproduction of "The Golden Goose" -- a piece by Canadian artist Dmitri Cherniak, who mints virtual works as non-fungible tokens that give their owners the deeds to items on blockchain.

It can be seen behind the opaque door leading into the offices of Three Arrows Capital, overlooking a conference room with neatly potted plants.

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