{"id":572837,"date":"2022-06-24T18:36:27","date_gmt":"2022-06-24T17:36:27","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=572837"},"modified":"2022-06-24T18:36:27","modified_gmt":"2022-06-24T17:36:27","slug":"kyber-network-treasury-held-by-3ac-but-not-significant-to-affect-knc-operations","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/kyber-network-treasury-held-by-3ac-but-not-significant-to-affect-knc-operations\/","title":{"rendered":"Kyber Network Admits A Portion of Its Treasury Was Held By 3AC, But Not Significant to Affect KNC Operations"},"content":{"rendered":"
Summary:<\/p>\n
The potential insolvency<\/a> of the Three Arrows Capital hedge fund continues to expose a web of affected crypto projects.<\/p>\n Yesterday, the team at Kyber Network clarified via Twitter that Three Arrows Capital held a small portion of its treasury. Therefore, as explained in the tweet below, its potential insolvency could have a small impact on Kyber Network.<\/p>\n 3\/6 3AC\u2019s potential insolvency may have some impact on Kyber treasury as a small portion of Kyber treasury is with 3AC.<\/p>\n — Kyber Network (@KyberNetwork) June 23, 2022<\/a><\/p><\/blockquote>\n\n