3AC Liquidator Teneo May Try To Claw Back About $1.2 Billion From DCG And BlockFi
Portfolio Pulse from Benzinga Newsdesk
Teneo, the liquidator of 3AC, is considering an attempt to recover approximately $1.2 billion from Digital Currency Group (DCG) and BlockFi. This move comes as part of the liquidation process of 3AC.
July 07, 2023 | 5:45 pm
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NEGATIVE IMPACT
The potential clawback from DCG and BlockFi, both significant players in the cryptocurrency market, could create uncertainty and potentially impact the price of Bitcoin.
DCG and BlockFi are major players in the cryptocurrency market. Any significant financial impact on them could create uncertainty in the market, potentially leading to a decrease in the price of Bitcoin in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75