Three Arrows sued in Singapore by crypto investor Mirana

CRYPTO fund Mirana Corp has taken embattled hedge fund Three Arrows Capital (3AC) to court in Singapore over a loan it extended to 3AC and one of its subsidiaries.

Seychelles-incorporated Mirana is claiming US$13 million in relation to an 8.5 per cent interest rate loan agreement, High Court records show, becoming yet another creditor seeking recourse for potential losses after 3AC plunged into financial distress.

Mirana is also seeking a claim for interest continuing to accrue on a US$12.9 million sum – the balance of the loan – from Jun 25 till the date of repayment.