Sanjian, which borrowed and repaid more than $2 billion from Blockchain.com before its bankruptcy, has significant outstanding debt

According to a court affidavit filed by Charles McGarraugh, chief strategy officer of cryptocrypto service Blockchain.com, Three Arrows Capital spent nearly four years leading up to its bankruptcy Borrowed and repaid more than $2 billion from Blockchain.com. Blockchain.com and Three Arrows Capital entered into a master Loan Agreement (MLA) effective June 13, 2019, according to the affidavit. Blockchain.com sent a reminder of the outstanding loan to Sarrow capital on June 14, and Sarrow capital defaulted on the payment after failing to meet the June 16 deadline. The affidavit notes that Three Arrows capital has paid back some of the loan to Blockchain.com, but the amount outstanding is substantial and Blockchain.com intends to pursue them to the full extent legally permitted. BlockBeats previously reported that on July 8, cryptocurrency trading platform Blockchain.com faced $270 million in losses on loans to Sanarrow Capital, according to Coindesk. "Blockchain.com remains liquid, solvent, and our customers will not be affected," Peter Smith, CEO of cryptocurrency exchange platform Blockchain.com, said in a June 24 shareholder letter.