The late spring and summer months of 2022 would be remembered not only for their extreme temperatures across the globe but also for a crushing streak of large crypto companies falling apart. Terra Lab...
Tag: 3AC
The downfall of Three Arrows Capital (3AC): What went wrong?
The past few weeks have been turbulent, even for hardened market participants. The crypto market lost massive value, and some players were wiped out. However, this time, there are also big names among...
Three Arrows Capital founders miss the mark in first interview since firm’s collapse
In the same week court documents showed that collapsed hedge fund Three Arrows Capital (3AC) owed creditors more than $3.5 billion, an interview given by its founders has sparked outrage among crypto ...
3AC Founders Break Silence Over Crypto Hedge Fund’s Demise – crypto.news
Su Zhu and Kyle Davies, the co-founders of the bankrupt crypto hedge firm Three Arrows Capital, have spoken out over the firm’s collapse. 3AC Co-founders Discuss the Firm’s Demise Su Zhu and Kyle Davi...
Fundraising Rounds with Bluejay Finance and Cardinal, 3AC Co-founders Resurface, California Accepting BTC Donations to Political Campaigns
Fundraising continued with Bluejay Finance and Cardinal closing successful rounds. California will accept crypto donations for political campaigns, and 3AC co-founder resurfaces talking about the hedg...
Su Zhu and Kyle Davies Finally Speaks About the Collapse of 3AC
During an interview with Bloomberg, Su Zhu, and Kyle Davies, the co-founders of Three Arrows Capital (3AC), the troubled hedge fund broke silence on the happenings that they have experienced in the pa...
The 3AC saga takes another bizarre twist
About eight months ago, I vouched pretty strongly for Su Zhu to be included in the prestigious Cointelegraph Top 100. My reasoning was pretty straightforward: Zhu was not only an influential figure on...
3AC Co-Founders Finally Break Silence, Claims The Whole Situation Was “Regrettable”
The post 3AC Co-Founders Finally Break Silence, Claims The Whole Situation Was “Regrettable” appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide For the first time...
Almost $6 Billion Lost by Cryptocurrency Investment Funds Like 3AC, Celsius and Others
Cryptocurrency investment funds lost almost $6 billion worth of Bitcoin following the massive liquidation series on the cryptocurrency market back in the May-June period. The biggest loser on the mark...
After Weeks Of Hiding, 3AC Founders Break Silence, Blame LUNA For Hedge Fund Collapse ⋆ ZyCrypto
Advertisement     Three Arrows Capital has consistently been in the news for unpleasant reasons. The Singapore-based crypto hedge fund defaulted on its enormous loans ...
3AC Founders Finally Speak Out about Hedge Fund’s Implosion
Alex Dovbnya 3AC’s Kyle Davies and Su Zhu have finally broken their silence after their hedge fund filed for bankruptcy earlier this month Contents “The nail in the coffin” “On...
3AC founders reveal ties to Terra founder, blame overconfidence for collapse
The founders of tainted crypto hedge fund Three Arrow Capital (3AC), which filed for bankruptcy in the first week of July, have finally resurfaced after five weeks of no known whereabouts. In an inter...
Mike Novogratz Reacts to BitMEX’s CEO Mockery of Three Arrow Capital (3AC) Founders’ Interview
– Advertisement – Novogratz: “Well said. Don’t even know where to begin….” Mike Novogratz, the CEO of Galaxy Digital Investments, has reacted to BitMEX’s co-founder’s comments on the Three...
Bitcoin Dropping to $20K Was the Nail in the Coffin for 3AC, Founders Share
Su Zhu and Kyle Davies – Co-Founders of the distressed cryptocurrency hedge fund Three Arrows Capital (3AC) – explained that accumulative lending agreements and the collapse of the digital asset marke...
Blockchain.com downsizes by 25% after 3AC collapse
Following the Three Arrows Capital (3AC) fallout, crypto exchange giant Blockchain.com announced the closing of its office in Argentina and letting 150 people go to downsize by 25%. Almost half the la...
“So Amazing I Don’t Know Where to Begin”: Hayes Mocks 3AC Interview
Key Takeaways Three Arrows Capital co-founders Su Zhu and Kyle Davies spoke out for the first time since their firm went bankrupt in an interview with Bloomberg today. BitMEX co-founder Arthur Hayes t...
3AC Co-Founders Headed to Dubai, Want Orderly Liquidation: Report
Zhu said it isn’t surprising that Celsius and other lenders had the same troubles Bitcoin’s plunge to $20,000 was the “nail in the coffin,” he said Su Zhu and Kyle Davies are finally openly addressing...
“The Whole Situation Is Regrettable”: 3AC Breaks Silence to Bloomberg
Key Takeaways Three Arrows Capital’s Su Zhu and Kyle Davies have spoken out on their recent woes in a new Bloomberg interview. Zhu and Davies said that they are planning to relocate to Dubai and...
BlockchainCom Announces 25% Staff Layoff Following 3AC Fallout
BlockchainCom – a crypto financial services company – has let go of 25% of its employees due to harsh market conditions. That’s 150 roles cleared from the firm. A Loss of Momentum As reported by CoinD...
Crypto firm Blockchain.com lays off 25% of staff as 3AC fallout spreads
Blockchain co-founder and CEO Peter Smith speaks during the Web Summit tech conference in Lisbon, Portugal on November 6, 2018. Pedro Fiúza | NurPhoto via Getty Images Crypto startup Blockchain.com sa...
By The Numbers: Breaking Down The $3.5B 3AC Owes To Creditors
Three Arrows Capital (3AC) had been the largest crypto fund in the space before its eventual crash back in July. The fund, which supposedly held billions in assets, had been revealed to be in massive ...
Crypto Exchange Coinbase Clears The Air, No Exposure To 3AC
Crypto exchange Coinbase addressed the insolvency rumors which have emerged over the past week. These claims stated that the U.S. publicly traded company was exposed to the failed hedge fund Three Arr...
No exposure to collapsed crypto firms Celsius, 3AC, Voyager
Coinbase reported a 27% decline in revenues in the first quarter as usage of the platform dipped. Chesnot | Getty Images Coinbase said it had no counterparty exposure to several collapsed crypto firms...
3AC allegedly liable for $2.8B in creditor claims
According to Twitter user @DrSoldmanGachs, a self-proclaimed creditor of troubled Singaporean crypto hedge fund Three Arrows Capital (3AC), the now-defunct entity allegedly owes $2.8 billion in claims...
Singapore’s financial watchdog pushes back against Terra and 3AC associations
Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not ...
MAS Insists Terra, 3AC Unlicensed to Operate in Singapore
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has corrected the misconception about how some of the most distressing crypto firms are linked to Singapore. Menon indica...
Three Arrows Capital (3AC) Owes $3.5B to Creditors as per Documents
Recent court documents of embattled crypto hedge fund 3AC show that the company owes $2.3 billion to Genesis Asia Pacific, one of the largest lenders. As per the recent documents, more than 30 compani...
Crypto lender Celsius loaned $75 million to Three Arrows Capital
Crypto lender Celsius loaned $75 million to collapsed hedge fund Three Arrows Capital (3AC). Documents obtained by The Block show that Celsius made two loans in the stablecoin USDC to 3AC. One loan ...
Kyle Davies’ wife and Su Zhu are both creditors in the 3AC bankruptcy
Three Arrows Capital (3AC) co-founder Su Zhu and the wife of co-founder Kyle Davies are both among creditors that lent money to the collapsed hedge fund. Zhu lent the firm just over $5 million accord...
3AC Co-founders Used Fund’s Assets for $50M Yacht, Bungalows
3AC traded cryptocurrencies instead of responding to margin calls from lenders, according to a court document Digital Currency Group, parent company of Genesis, is the fund’s top creditor with a $1.2 ...
3AC Owes $2.36 Billion To Crypto Lender Genesis
According to a news report by crypto news site The Block, It has been found that Genesis Asia Pacific Ltd, lent a sum of $2.36 billion to troubled and now bankrupt venture capital Three Arrows Capital...