The crypto lending platforms are not in a good position right now where bankruptcy is hovering around the firms. The major of them include Three Arrow Capital (3AC) and celsius network celsius network...
Tag: 3AC
This Week on Crypto Twitter: BlockFi and 3AC Try to Clear the Air, CZ Jumps the Gun
Illustration by Mitchell Preffer for Decrypt As markets began leveling off from a freefall, Crypto Twitter spent a bit more time discussing the latest bailouts. At the beginning of the month, Voyager ...
Central Bank Tightening Crypto Regulations Against Terra-LUNA And 3AC Crisis
The central bank and financial regulatory body in Singapore, the Monetary Authority of Singapore (MAS) intends strengthening crypto regulations to prevent Terra-LUNA and Three Arrows Capital (3AC) lik...
3AC liquidators seek time, access to headquarters as Genesis, Algorand ties are untangled
The liquidators of failed crypto hedge fund Three Arrows Capital (3AC) have filed an application in the High Court of Singapore for a stay on claims against 3AC and access to the company’s Singapore h...
3AC co-founder requests $5 million
Three Arrows Capital (3AC) co-founder Zhu Su turns out to be among the creditors of the company that went bankrupt in late June. I’ve just seen the list of creditors to #3AC and noticed that @z...
How Crypto Hedge Fund 3AC Borrowed $2.3B From Genesis
Failed crypto hedge fund Three Arrows Capital (3AC) has been in the spotlight because it has defaulted on debt obligations for multiple companies in the crypto space. As a consequence, big players in ...
Last Week [In] Crypto: 3AC Founders Vanish, Celsius Faces Class Action Lawsuit, Binance Accused of Breaking Sanctions on Iran
Be[in]Crypto has scoured the crypto industry for the leading stories that reverberated during the last week. The stories range from the weak Reserve Risk Indicator for Bitcoin, crypto personalities ru...
Crypto Weekly Roundup: The Merge Scheduled, Celsius Repays Aave, 3AC Founder Reappears, GameStop NFT Flourishes, And More
Despite repaying its MakerDAO loan earlier this month and repaying the Aave protocol earlier this week, crypto lending company Celsius was forced to declare bankruptcy under Chapter 11, which would al...
3AC liquidators petition Singapore court to recognize BVI proceedings: Straits Times
Three Arrows Capital’s (3AC) liquidators are in the process of asking the Singapore legal system to recognize its British Virgin Islands (BVI) liquidation proceedings, according to a report toda...
DeFiance Capital Denies Involvement With 3AC, Says its Also Materially Affected
DeFiance Capital stated that none of its assets under management were raised by the bankrupt crypto hedge fund, its founders, or any of its affiliates. The company said it had been “materially affecte...
3AC liquidators are trying to secure Singapore assets of the hedge fund
The High Court of Singapore granted interim relief to the liquidators of Three Arrows Capital (3AC) on July 15 to investigate and preserve the assets of the insolvent crypto hedge fund in the city-sta...
Crypto Daily – Daily Crypto And Financial News 14/07/2022, 3AC Liquidators Get Greenlight To Claim U.S. Assets
In Todays Headline TV CryptoDaily News: Court permission Liquidators for crypto hedge fund Three Arrows Capital obtained U.S. court permission to issue subpoenas and lay claim to the bankrupt Singapor...
Missing 3AC Founder Resurfaces With Twitter Outburst
After laying low for about a month, co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), Zhu Su, has reappeared on Twitter. Liquidators Baited 3AC: Zhu Zhu Su returned to the publi...
3AC co-founder Su Zhu tweets for first time since bankruptcy
Su Zhu, co-founder of crypto hedge fund Three Arrows Capital (3AC), has spoken publicly for the first time since his fund went bankrupt. In a tweet, he complained about obscure warrants in a project c...
Voyager says customers will get their crypto when 3AC settles debts
Listen to this article. Troubled trading platform Voyager says the amount of crypto users can expect to get back depends largely on how much it manages to recover from collapsed hedge fund Three Arrow...
3AC Founder Alleges “Good Faith” Breach by Liquidators
Zhu Su, the co-founder of crypto hedge fund Three Arrows Capital (3AC), has finally broken his silence on the company’s liquidation proceedings. Su said in his first Twitter post since last month that...
Liquidators can subpoena 3AC founders despite ‘tricky issues’ with crypto assets
A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies. According to a report by ...
Cryptocurrency Future Remain Dicey In Few Countries Amidst 3AC Bankruptcy – Coinpedia – Fintech & Cryptocurreny News Media
The Cryptocurrency hedge fund Three Arrow Capital (3AC) declared bankruptcy in June-end, and its after-effects can be seen in the crypto industry. After the collapse of 3AC, other crypto firms have st...
3AC Co-Founder Reappears, Blames Liquidators for ‘Baiting’
Su Zhu, the co-founder of Three Arrows Capital (3AC), has reappeared guns blazing and faulted liquidators’ accusations that he refused to cooperate with them. Zhu had disappeared following the hedge f...
3AC Co-Founder Pledges Efforts to Collaborate with Liquidators Faced with ‘Baiting’
Su Zhu, Three Arrows Capital (3AC) co-founder, has broken his silence since the hedge fund firm was implicated with liquidity fears since 15th June. Zhu has faulted Liquidators’ accusations that he re...
3AC co-founder returns to Twitter, blames liquidators for “baiting”
Su Zhu, co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC), returned to Twitter after nearly a month of inactivity. In another cryptic tweet, he blamed liquidators fo...
Crypto’s Future Remains Uncertain In These Countries After 3AC Saga
Cryptocurrency hedge fund Three Arrows Capital is currently being liquidated and its effect can be seen around the industry. With 3AC collapsing, more crypto firms around the world are bracing for fur...
3AC collapse throw monkey wrench in Singapore’s crypto endeavors
Asia-Pacific’s crypto hub Singapore is expecting more bailouts like Three Arrows Capital (3AC) and bracing for possible risks in the future. Crypto players in the market expect Singapore to become les...
Three Arrows (3AC) Founder Breaks Silence Over Bankruptcy Talks
Zhu Su, the founder of Three Arrows Capital (3AC), has rubbished the claims that he is not cooperating with liquidators. He has also accused the liquidators of breach of their duty. Speaking out for t...
Blockchain.com loses $270 million with 3AC
The historic crypto exchange, Blockchain.com, said it’s going to lose $270 million as a result of the Three Arrows Capital (3AC) affair. 3AC goes bankrupt and Blockchain.com cannot collect on $270 mi...
3AC founders in hiding, offices abandoned as court filing cites fear that assets may be “disposed of”
A filing in the United States Bankruptcy Court of the Southern District of New York states that the liquidators of Three Arrows Capital have been unable to communicate with the founders “in any meanin...
Whereabouts of 3AC Founders Unknown, Court Filing Says
A court filing shows that the current locations of 3AC founders Kyle Davies and Su Zhu are unknown. The development adds to the already tense situation of the company. Reports are emerging that the fo...
Crypto Exchange Blockchain.com Faces $270M Loss on 3AC Loans – crypto.news
Blockchain.com has lost $270 million to Three Arrows Capital, according to a letter sent to shareholders two weeks ago. The firm’s CEO reassured clients that they would suffer no repercussions from th...
Konvoy Venture’s new $150 Million Fund, US Fed Head Calls for Tighter Crypto Regulations, More Losses Caused by 3AC – crypto.news
Earlier today, Konvoy ventures announced a $150 million fund to help crypto projects. US central bank governor calls for more crypto regulations, and projects notice more losses caused by 3AC fallout....
The Failure of Terra, Celsius, 3AC Highlights the Importance of Self-Custody: DappRadar
DappRadar published the latest edition of its quarterly report, focusing on how the fall of Terra, Celsius, and 3AC have changed the blockchain landscape as the liquidity crisis deepened, impacting ma...