Deals • February 23, 2023, 1:40AM EST A collection of prized NFTs purchased by Three Arrows Capital (3AC), the failed crypto hedge fund, will soon be put up for sale. 3AC’s liquidators, Teneo, n...
Tag: 3ACs
3AC’s Su Zhu Speaks Out: FTX Crash Could Have Been Avoided
Su Zhu stated that the FTX crash and the tremors faced by it could have been avoided. Zhu made his remarks after sharing a tweet by a Twitter user which highlighted the behavior of the crypto Twitter....
Ripple’s Former Lead Engineer Slams 3AC’s New Crypto Project
Alex Dovbnya Ripple’s former director of engineering has strongly criticized 3AC co-founders for launching a new cryptocurrency project Cryptographer Nick Bougalis strongly criticized the latest...
John Reed Stark Mocks 3AC’s New Exchange CoinFLEX
John Reed Stark mocks bankrupt Three Arrow Capital and CoinFlex’s new venture. The partnership is looking to raise $25 million to fund a new exchange based on claims trading. The exchange will offer F...
3AC’s Kyle Davies claims creditors ‘frustrated’ with bankruptcy process
Three Arrows Capital’s co-founder Kyle Davies claimed that the firm’s creditors are “frustrated” with the ongoing bankruptcy process. They complained about high costs, de...
3AC’s Su Zhu accuses FTX and DCG of plotting these moves against LUNA
3AC’s Su Zhu has alleged that DCG and FTX conspired to attack LUNA and stETH. Su Zhu and Kyle Davis previously alleged that Alameda Research had hunted 3AC’s positions. Su Zhu, the man behind Three Ar...
3AC’s assets were $2bn less than liabilities in July: report
The holdings of now-defunct crypto hedge fund Three Arrows Capital (3AC) were worth roughly $1 billion as of July, while its liabilities were over $3 billion, the liquidator paper claims. The liabilit...
3AC’s Zhu Su Hits Out At SBF Over Media Control
Zhu Su, a co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital, is suing Sam Bankman-Fried for alleged media influence, control, and deflection of difficult questions. Zhu Su t...
Judge signs off on subpoenas to 3AC’s Su Zhu and Kyle Davies
A federal bankruptcy judge approved subpoenas for the founders of Three Arrows Capital, a Singapore-based crypto hedge fund that went belly up earlier this year. The subpoenas call on the 3AC f...
3AC’s Zhu Su, Kyle Davies Have A Week As Liquidator Seek $30M Superyacht Sale
Three Arrows Capital (3AC) liquidators blasted co-founders Zhu Su and Kyle Davies for their non-cooperation affecting the process to return funds to creditors. British Virgin Islands court-appointed l...
Three Arrows Capital Founder Kyle Davies Says FTX Employees Admitted to Hunting 3AC’s Positions
The co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC) says that FTX employees have admitted that the collapsed exchange was hunting down the firm’s positions. In a new interview on C...
Remembering 3AC’s Su Zhu in 10 Legendary Tweets
Key Takeaways Three Arrows Capital co-founder became one of Crypto Twitter’s most prolific personalities over the course of the 2021 bull run. Zhu frequently took to Twitter to share cryptic mes...
Troubled 3AC’s Under Investigation by SEC, CFTC: Report
According to reports, US authorities are looking into Three Arrows Capital (3AC) in the wake of the firm’s prior bankruptcy. Bloomberg reports that the Securities and Exchange Commission (SEC) a...
Over 300 NFTs moved out of 3AC’s Starry Night Capital wallet
More than 300 NFTs, including some worth millions of dollars in crypto, were moved out of an address associated with Starry Night Capital. The NFT collections represented in the move include Rare Pep...
3AC’s Starry Night Capital is back and transferring tons of NFTs
The wallet was long dead, ever since Zhu Su and Kyle Davies escaped to the United Arab Emirates and stopped returning creditors’ calls. The stash of more than 400 assets had been all but completely fo...
3AC’s Zhu was in Bangkok, disputed liquidator’s court filing in Singapore: Report
According to a document seen by Bloomberg, Zhu delivered the affidavit in person on Aug. 19. In it, Zhu states that Teneo “had not provided an entirely complete or accurate version of events” to the S...
Su Zhu Hits Back at 3AC’s Liquidators From Bangkok: Report
Key Takeaways Su Zhu has reportedly submitted an affidavit claiming that Three Arrows Capital’s deceived the High Court of Singapore. According to Bloomberg, Zhu delivered the note in person in ...
Singapore court grants liquidator access to 3AC’s assets
Singapore’s High Court has granted Three Arrows Capital liquidators Teneo power to secure and liquidate its assets in the country, Bloomberg News reported on August 24. According to the report, Teneo ...
Source claims 3AC’s Deribit exposure is worth much less than reported
Court documents that describe the insolvency of failed crypto hedge fund Three Arrows Capital, also known as 3AC, may be overestimating the value of the firm’s remaining assets — specifically, its exp...
Liquidators Claim “Radio Silence” from 3AC’s Su and Davies
Key Takeaways A new affidavit penned by a Three Arrows Capital liquidator heavily criticizes the hedge fund’s founders refusal to engage with either creditors or liquidators. Liquidators are concerned...
3AC’s founders are nowhere to be found
In the world of crypto, there’s no such thing as “too big to fail.” Three Arrows Capital, once the most recognizable hedge fund in the industry, has essentially gone belly-up after its founders believ...
Three Arrows Assets Ordered Frozen By Judge – How Much Deeper 3AC’s Trouble Can Get?
Three Arrows Capital just got itself in deeper trouble while the brains behind the company are nowhere to be found. The New York Southern Bankruptcy Court on Wednesday held an emergency hearing for cr...
Su Zhu Accuses 3AC’s Liquidators of “Baiting,” Hints at StarkWare Token
Key Takeaways Three Arrows Capital’s Su Zhu has broken his silence for the first time in four weeks as his firm battles through its insolvency crisis. Zhu shared an email exchange claiming that ...
Blockchain.com May Suffer $270M in Losses for 3AC’s Insolvency
Cryptocurrency exchange Blockchain.com may suffer a total of $270 million in losses due to Three Arrows Capital’s inability to repay loans due to the bankruptcy and liquidation of Three Arrows C...
Digital Asset Lender Genesis Confirms Risks Exposure of 3AC’s Insolvency
Digital asset lending firm, Genesis Capital, said it would take risks in filing for bankruptcy with Three Arrows Capital but would try to reduce the hedge fund’s bad debt risk as much as possible, acc...
3AC’s Crypto Is Still on the Move After Liquidation and Bankruptcy Filing
Alex Dovbnya Troubled crypto hedge fund 3AC has moved tens of millions of dollars to Kucoin Embattled cryptocurrency hedge fund Three Arrows Capital has transferred tens of millions of dollars worth o...
Zhu Su’s Mansion In Singapore Is Reportedly Up For Sale Following 3AC’s Bankruptcy
According to Chinese reporter Colin Wu, Three Arrows co-founder Zhu Su is rumoured to have put up his mansion in Singapore for sale per some real estate agents, but it has not been indicated on any pu...
Which Projects Could Be Affected by 3AC’s Liquidity Crisis?
Key Takeaways Three Arrows Capital is facing a liquidity crisis due to the collapse of the crypto market. It’s believed that the firm could be facing bankruptcy as it struggles to pay off its de...
Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge Fund – Bitcoin News
Two days ago, Bitcoin.com News reported on the crypto hedge fund Three Arrows Capital (3AC) after reports claimed that the company was allegedly struggling with financial hardship and possible insolve...
3AC’s wave of liquidations
The collapse of the crypto market this week triggered unforeseen liquidations. Three Arrows Capital (3AC), a digital currency hedge fund, may be facing insolvency after losing a considerable amount of...
Terra’s LFG Acquires $1.5B More Bitcoin—With 3AC’s Help
Key Takeaways Terra’s Luna Foundation Guard has bought more than 37,000 more Bitcoin. The value of Terra’s UST stablecoin is backed in part by its Bitcoin reserves. Terraform Labs’ C...