Ad The biggest news in the cryptoverse for March 8 saw Silvergate Capital announce that its crypto bank will halt operations following earlier reports that it would attempt a recovery with the FDIC. M...
Tag: 3AC
Coinflex rebrands to OPNX with Leslie Lamb as CEO of 3AC founders’ latest venture
Coinflex is rebranding to Open Exchange (OPNX), Kyle Davies and Su Zhu’s latest crypto venture. New CEO Leslie Lamb shared the news on LinkedIn. The exchange, intended for trading claims a...
Open Exchange Led by 3AC Founders Raises $25 Million Funding
8 seconds ago | 2 mins read Exchange News Users will be onboarded via a Special Purpose Vehicle. Due to KYC regulations, U.S. residents will be excluded from using the platform. In a very contentious ...
3AC founders are back with OPNX exchange’s tokenized bankruptcy claims
Ad Three Arrows co-founder Kyle Davis explained the business model of the soon-to-launch OPNX exchange, sparking skepticism from the crypto community. Davies and Su Zhu met at Columbia University, fou...
3AC Founders’ Open Exchange Completes Its $25 Million Fundraise
The highly controversial “Open Exchange” (OPNX) headed by once-failed Crypto CEOs has reached its fundraising goal of $25 million – though the founders are yet to reveal their benefactors. Meanwhile, ...
3AC Collapse Costs DCG $1B
The Digital Currency Group (DCG) has reported losses worth $1 billion in 2022 in the aftermath of the collapse of Three Arrows Capital (3AC). 3AC Owes DCG $2B DCG recently released the investor repor...
Illuvium DAO Cancels 3AC Founder Su Zhu
The Illuvium decentralized autonomous organization (DAO) is voting on a proposal to stop the project’s association with 3AC co-founder Su Zhu. The Web3 gaming universe Illuvium’s community wants to ca...
Illuvium DAO blocks NFT pack-opening event involving 3AC founder Su Zhu
The community supporting Illuvium, an interoperable blockchain game, has demonstrated the power of decentralized autonomous organizations (DAOs) after blocking a scheduled nonfungible token (NFT) pack...
DCG losses top $1B on the back of 3AC collapse in 2022
Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to the contagion relating to the collapse of the crypto hedge fund T...
NFTs worth millions to be sold by 3AC liquidator, details inside
Other Three Arrows Capital liquidator Teneo plans to sell NFTs worth millions seized from the defunct crypto hedge fund. The NFTs do not include any artworks from the portfolio of Starry Night Capital...
3AC liquidators to sell firm’s NFTs to realize value amid bankruptcy
Nonfungible tokens (NFTs) belonging to the bankrupt hedge fund Three Arrows Capital (3AC) will be sold by its liquidators Teneo, according to a recent announcement. In a notice dated Feb. 22, joint l...
3AC Liquidators Decide to Sell Some of the Company’s NFTs
Three Arrows Capital liquidators initiate plans to sell some of the company’s NFTs. The information was sent out by the liquidators in one of their recent notices. The liquidators also made it clear t...
3AC liquidators to sell some NFT holdings
Three Arrows Capital (3AC) liquidators Teneo said it would begin the sales of some non-fungible tokens (NFTs) belonging to the bankrupt crypto hedge fund, according to a Feb. 22 statement. Teneo revea...
New ‘3AC’ exchange launch comes under fire
Despite Zhu Su’s attempts to rebuild trust after the devastating collapse of 3AC last year, investors have not yet recovered from the wounds caused. 3AC founders and Coinflex to build a crypto exchang...
3AC founders launch new crypto exchange amidst backlash
3AC founders Su Zhu and Kyle Davies are launching a new crypto exchange. The founders have teamed up with CoinFLEX’s Mark Lamb for their new venture. In an interesting turn of events, Su Zhu and Kyle ...
3AC Co-founder Opens Whitelist for Bankruptcy Claims Platform
Co-founder of bankrupt hedge fund Three Arrows Capital Su Zhu announced that the waitlist is open for OPNX, a new platform to trade claims for funds frozen on bankrupt exchanges. The new platform, cal...
3AC Founder Accused Of Obstructing Court Orders
Join Our Telegram channel to stay up to date on breaking news coverage Three Arrows Capital (3AC) founder Kyle Davies has been accused of defying court orders after he refused to comply with a subpoen...
3AC co-founders launch marketplace to trade crypto claims
Ad Founders of bankrupt crypto hedge fund Three Arrows Capital founders Zhu Su and Kyle Davies, in collaboration with CoinFLEX co-founders, have launched the “first public marketplace for crypto claim...
3AC founder failed to comply with subpoena, promoting new venture instead
The Three Arrows Founder, Kyle Davies, has been accused of ignoring Twitter subpoenas as he markets his new venture, another crypto project. Ignoring the subpoena? A New York court filing brought to l...
3AC liquidators files against Kyle Davies for ignoring Subpoena order
Three Arrows Capital (3AC) liquidators alleged that 3AC co-founder Kyle Davis has openly ignored the court’s subpoena order, however, a motion was filed to extend the deadline till March 16. 3A...
3AC Liquidators Ask Judge to Intervene, Say Co-Founder Is ‘Withholding Information’
The liquidators overseeing crypto hedge fund Three Arrows Capital’s bankruptcy proceedings have asked the judge to compel co-founder Kyle Davies to cooperate, according to a new court filing. They wro...
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery – Bitcoin News
According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current li...
Kyle Davies has ‘chosen to ignore his duties’ to 3AC after rare Twitter subpoena
Kyle Davies, the co-founder of collapsed crypto hedge fund Three Arrows Capital (3AC), is still stonewalling efforts by the firm’s liquidators to contact him, according to a court filing. ...
Arthur Hayes Takes Dig at 3AC and CoinFLEX Founders Over GTX Funding
2 hours ago | 2 mins read Exchange News By the end of February, the exchange’s founders want to have marketed themselves. Comparisons between GTX and FTX began to circulate around the crypto community...
A Significant Crypto Market Maker Has Already Disassociated From the New 3AC Venture
Join Our Telegram channel to stay up to date on breaking news coverage Three Arrows Capital’s co-founders are teaming up with CoinFlex, which stated the partnership is an outgrowth of its “commitment ...
3AC Founders to Start New Exchange GTX: Seeks Fund Raising
3AC Co-Founders, in partnership with CoinFlex, announced the GTX exchange. GTX is supposed to help reclaim assets stuck in failed crypto exchanges. They are seeking $25 million and are expected to l...
CoinFLEX Defends Controversial ‘GTX’ Venture with 3AC Founders
CoinFLEX is justifying its new potential venture “GTX” with Three Arrows Capital (3AC), saying the plans represent an evolution of its own goals. A pitch deck leaked on Jan. 16 showed CoinFLEX plans t...
A Large Crypto Market Maker Is Already Distancing Itself From New 3AC Venture
The new company is aiming to “lead the global progression towards greater financial transparency, liquidity and certainty” by initially soliciting claimants in the bankruptcies that have s...
GTX Seriously? 3AC Founders Return With New Exchange
Meet GTX exchange – a controversial project backed by controversial figures. Rumors that 3AC founding members Zhu Su and Kyle Davies are part of a new cryptocurrency exchange have circulated on Twitte...
Ex-Ripple CTO Slams 3AC Founders’ New Project
3AC founders have collaborated with CoinFLEX co-founders for the GTX Exchange. The new project will help creditors retrieve their funds locked in failed exchanges. Ex-Ripple CTO Nick Bougalis slams ...