The story of the first case of a crypto fund that seems to have reached the end of its rope: Three Arrows Capital (3AC). The story of the collapse of the 3AC hedge fund The story of the hedge fund Thr...
Tag: 3AC
Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure – Bitcoin News
According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent l...
Blockchain.com Loses $270M in 3AC Chaos
Key Takeaways Blockchain.com has lost $270 million to Three Arrows Capital, according to a letter sent to shareholders two weeks ago. Nevertheless the firm remains “liquid” and “solvent,” the CEO said...
Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses
Digital Currency Group’s market maker and lending firm Genesis Trading has confirmed that it had investment exposure in the now-liquidated Three Arrows Capital (3AC). The insolvency and subsequent liq...
CoinLoan Reduces Withdrawal Limits but Claims No Exposure to Luna, Celsius, 3AC
CoinLoan – a company that offers crypto-backed loans and interest-earning accounts – said it will balance the flow of funds on its platform by reducing the account withdrawal limits. The firm assured ...
3AC Is Broke. What’s Next for Its Multi-Million Dollar NFT Collection?
Key Takeaways The contagion from Three Arrows Capital’s ongoing liquidation could spread to its associated NFT fund, Starry Night Capital. Starry Night Capital was founded in August 2021 and sou...
3AC Files for Bankruptcy, Fundraising Rounds with AltLayer and Soba, Huobi Ventures Invests in Land of Conquest – crypto.news
Three Arrows Capital (3AC), the troubled crypto-focused hedge fund, recently filed for bankruptcy. Huobi Ventures invests in Land of Conquest, while other projects like Soba and AltLayer complete succ...
Finblox Raises Withdrawal Limit, Exploring Lawsuit against 3AC
Finblox, a crypto-staking platform based in Hong Kong, announced that it has increased its daily withdrawal limit to $3,000. Two weeks ago, the firm imposed a withdrawal limit of $1,500 monthly and su...
Crypto Hedge Fund 3 Arrows Capital (3AC) Files For Bankruptcy
Crypto hedge fund 3 Arrows Capital is slated to be another pillar piece of 2022’s bear market headlines, joining the likes of brutal bear market moments that include Terra Luna’s downfall and CeFi’s d...
3AC files for bankruptcy amid financial troubles
According to a report by Bloomberg, three Arrows Capital has filed for Chapter 15 Bankruptcy. 3AC used to be one of the largest crypto investment firms, but the recent market conditions have proven ch...
Troubled Hedge Fund 3AC Files for Bankruptcy Protection
Alex Dovbnya The cryptocurrency hedge fund, which used to have $10 billion worth of assets under management, is now officially bankrupt Embattled cryptocurrency hedge fund Three Arrows Capital filed f...
Deribit is part of creditors that made 3AC liquidation calls
Three Arrows Capital (3AC) liquidation court filings show that Deribit was one of the creditors that pushed for the crypto hedge that made the liquidation move, Financial Times reported on July 1. Thr...
KuCoin CEO Denies Insolvency Rumors and Exposure to LUNA, 3AC
The past few weeks have been particularly detrimental for the cryptocurrency industry as major market participants experienced massive challenges. One of the largest centralized lending platforms – Ce...
Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip
Coinbase has long been considered an important bellwether of the cryptocurrency market. Last year, when the company was expanding its workforce, adding institutional clients and issuing stock, crypto ...
Finblox doubles withdrawal limit after dropping it amid exposure to 3AC
Finblox announced that it is increasing its withdrawal limit from today, two weeks after lowering it. The daily withdrawal limit has been doubled to $3,000, for a maximum of $30,000 a month, and rew...
3AC Co-Founder Selling His Singapore Mansion After Liquidation
Alex Dovbnya Liquidation of Three Arrows Capital has forced Zhu Su to give up one of his trophies Zhu Su, one of the co-founders of failed crypto hedge fund Three Arrows Capital, has put his $35 milli...
3AC refuses to go down amid institutional crisis? Here’s latest update
The Three Arrows Capital [3AC] crisis sees no end even after the news of insolvency was confirmed. The Singapore-based crypto hedge fund has filed for Chapter 15 Bankruptcy Protection as per the Finan...
Voyager Digital freezes trading, deposits, withdrawals and rewards, blames 3AC default
Cryptocurrency exchange Voyager Digital announced Friday that it was temporarily suspending trading, deposits, withdrawals and loyalty rewards. “The failure of a borrower, Three Arrows Capital, to rep...
Deribit and Blockchain.com Creditors Who Pushed for 3AC Liquidation
Deribit and Blockchain.com exchanges were among the creditors who pushed for the liquidation of embattled crypto hedge fund Three Arrows Capital (3AC). On June 11, 3AC breached a stipulation of its ag...
3AC Files for Bankruptcy as Voyager Digital Suspends Withdrawals
A Chapter 15 bankruptcy is a move that protects a firm’s U.S. assets while liquidation is carried out in the British Virgin Islands. Additionally, it prevents creditors from seizing assets in the Unit...
Blockchain.com, Deribit Among Creditors That Pushed for 3AC Liquidation: Report
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MAS Reprimands 3AC for ‘Misleading Information’
The Monetary Authority of Singapore slams hedge fund Three Arrows Capital for misinformation and exceeding the maximum value of assets under management for a registered fund management company. This l...
Singapore reprimands 3AC for providing false information
The Monetary Authority of Singapore (MAS) has reprimanded Three Arrows Capital (3AC), an embattled hedge fund, for providing inaccurate information to the authorities. In a statement published Thursda...
How Celsius, 3AC misjudged risk and is DeFi’s future in interest rate swaps?
CryptoSlate spoke to Simon Jones, CEO of Voltz, an interest rate swap DeFi protocol that aims to create “capital-efficient” within DeFi. Jones has a deep understanding of assessing market risk and spe...
False information allegations for 3AC
New trouble for hedge fund Three Arrows Capital (3AC), which has received charges from the Central Bank of Singapore for providing false information after it was put on notice by a court. 3AC receives...
Crypto Lending Platforms Under Immense Stress As Court Orders 3AC Liquidation
Multiple events in the last two months have seen various crypto lending platforms come under fire from both a liquidity and investor confidence angle. The first which had been the LUNA collapse had be...
Three Arrows Capital (3AC) Finally Plunges into Liquidation
The prominent crypto hedge fund, Three Arrows Capital (3AC) has finally veered into liquidation as it is notably unable to meet up with its debt obligations. As reported by Sky News, the liquidation o...
Trouble Continues For Three Arrows Capital (3AC) as Court Orders Liquidation
11 hours ago | 2 mins read Defi News Teneo Restructuring will provide assistance in the process. Crypto broker Voyager Digital also revealed $661 million in exposure to the fund. According to Sky News...
British Virgin Islands court reportedly orders to liquidate 3AC
Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation. A court in the British Virgin Islands ordered the liqu...
3AC to get liquidated soon? The NFT market could be key
A British Virgin Islands court has ordered the liquidation of Three Arrows Capital, according to the reports. The Singapore-based crypto hedge fund has been battling it out in recent weeks after the T...