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Nexo Co-Founder Says Lender Has ‘Zero’ Exposure to Three Arrows

  • Crypto hedge fund 3AC in global spotlight after cryptic tweet
  • Industry hit by asset rout and suspected problems at exchanges

Crypto lender Nexo says it has “zero” exposure to Three Arrows Capital LLC and at one point declined to provide a loan to the troubled hedge fund at the center of mounting speculation about its financial health.

“We have zero exposure to 3AC,” said Antoni Trenchev, Nexo co-founder, on Bloomberg Television Friday. “A few years ago they came to us and asked for an unsecured loan, which we did not feel comfortable providing because it goes against our risk-management parameters.”