Genesis loans $2.4 billion to hedge fund Three Arrows Capital

Digital Currency Group Inc., the cryptocurrency conglomerate that owns Genesis Global Trading Inc., is the biggest creditor to troubled hedge fund Three Arrows Capital Ltd, according to court documents compiled by Three Arrows liquidators.

DCG Produce The court document said that Asia Pacific Limited lent $2.4 billion to Three Arrows. As of last month, the hedge fund put down the equivalent of $1.2 billion in crypto and other collateral.