The founders of bankrupt hedge fund Three Arrows Capital (3AC) have broken their silence after five weeks in hiding, calling the collapse of the fund “regrettable.” Kyle Davies and Su Zhun told Bloomb...
Tag: Arrows
Three Arrows Capital Founders Break Their Silence, Reportedly Look to Move to Dubai
The founders of the now insolvent Three Arrows Capital (3AC) Su Zhu and Kyle Davies have broken the silence in an interview with Bloomberg. After almost five weeks in hiding, the disgraced founders ga...
Coinbase Closes Gates For Three Arrows Capital, Voyager And Celsius
Coinbase shared a blog post to confirm that they won’t allow insolvency prone firms any financing exposure. Three Arrows Capital, Voyager and Celsius are the recent organizations to file for bankruptc...
Three Arrows Capital liquidators control $40M of the fund’s assets
Three Arrows Capital (3AC) liquidators Teneo have gained control of assets worth $40 million belonging to the embattled hedge fund, Bloomberg News reported July 21. The liquidators reportedly stated t...
Three Arrows Capital’s founders resurface; hint at relocating to Dubai
Su Zhu and Kyle Davies, the escaping co-founders of Three Arrows Capital (3AC) have shown up to share their side of the story relating to 3AC’s collapse. They however maintained innocence on rumors ab...
Three Arrows Founders Speak Out After Hiding For Weeks Because Of Death Threats
The disgraced founders of Three Arrows Capital spoke comprehensively about the catastrophic failure of their once-flying hedge fund after five weeks of hiding out. They said that they had received thr...
Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’ – Bitcoin News
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not...
Mention of Polkadot Based Moonbeam in Three Arrows Capital’s Court Filings
Hedge Fund 3AC owed Polkadot’s Moonbeam protocol approx $27 million. Troubles for Three Arrows Capital does not seem to settle down as its court documents came up with yet another issue. Recent ...
Three Arrows Capital Founders Finally Speak From Undisclosed Location, Refute Claims Of Fraud
– Advertisement – Three Arrows Capital Founders Finally Spoke. The founders of the collapsed crypto hedge fund 3AC have shared their side of the story from a hidden location in the UAE, ac...
Three Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report
3AC continued to borrow from lenders expecting a market rebound. This was until bitcoin (BTC) fell to nearly $20,000 in late June, causing the firm’s positions to go awry and making it unable to repay...
Three Arrows founders break silence after weeks on the run due to death threats
Two of Three Arrows Capital’s (3AC) founders, who have been in hiding for the last five weeks, have spoken out about the stunning collapse of their once-promising crypto hedge fund. Su Zhu and Kyle Da...
Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report
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Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital – Exchanges Bitcoin News
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were...
Liquidators Recover Only $40M of Reported $2.8B Owed by Three Arrows Capital
Liquidators of now-bankrupt crypto hedge fund Three Arrows Capital (3AC) have recovered assets worth around $40 million from the company, Bloomberg reported on Thursday. The figure represents only a s...
Coinbase Says It Had No Exposure to Bankrupt Firms Celsius, Voyager or Three Arrows
Coinbase said it does not have any lending exposure to Three Arrows Capital, Celsius Network, or Voyager Digital, all companies that have collapsed and filed for bankruptcy amid a slump in crypto pric...
Three Arrows’ Su Zhu Had $1.4 Billion Stake in Firm: Court Documents
Three Arrows Capital co-founder Su Zhu had a $1.4 billion stake in the offshore fund that pooled together the crypto fund’s assets, according to an affidavit from co-founder Kyle Davies. In the affida...
Coinbase Had No Financial Exposure to Troubled Celsius, Three Arrows Capital, Voyager
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Bankrupt Three Arrows Capital Owes $3.5B to Creditors, Including $2.3B to Genesis
Three Arrows Capital (3AC) owes a whopping $3.5 billion to 27 different companies—including Blockchain.com, Voyager Digital, and lender Genesis Global Trading—according to court documents. The details...
Dissecting Three Arrows Capital’s Fall; Ethereum Merge Spurs Continued Market Gains
Yet, bitcoin’s performance pales next to ether, the token of the Ethereum blockchain, which has skyrocketed about 50% over the past seven days as updates trickle in about the Merge. The Merge wi...
Shocker: Three Arrows Capital Founders Bought $50M Yacht Before Going Bankrupt With Borrowed Money
– Advertisement – 3AC is in trouble as investor exposes their yacht purchase that was paid with investor funds. The recent collapse of Terra Luna and UST put so many investors and crypto...
Stake in Crypto Exchange Deribit Becomes Disputed Asset in Three Arrows Bankruptcy
“Genesis is aware that Three Arrows directly or indirectly owns the Deribit shares and the StarkWare shares, which could be sold to pay part of an eventual award against Three Arrows, but in lig...
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...
Five-member creditor committee formed for Three Arrows Capital’s liquidation
A five-member committee of creditors of bankrupt hedge fund Three Arrows Capital (3AC) has been formed today, according to three sources with knowledge of the matter. The committee is comprised of Dig...
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 ...
New Three Arrows Capital bankruptcy filing sheds light on the crypto hedge fund’s epic demise
Kyle Davies and Zhu Su, the founders of Three Arrows Capital (3AC), are nowhere to be found, but the size of their firm’s gargantuan debt obligations have come into clearer view. The crypto hedge fund...
Three Arrows Capital creditors lent bankrupt fund $3.5 billion, court documents show
Collapsed crypto hedge fund Three Arrows Capital (3AC) owed 27 crypto companies $3.5 billion, according to court documents published today by 3AC’s liquidators. The largest creditor on the list ...
Three Arrows Capital No Longer Has Any Bitcoin or ETH – Trustnodes
The defunct crypto hedge fund Three Arrows Capital (3AC) no longer has any ethereum or bitcoin according to a report from the latest liquidation meeting. “The 3AC assets comprise bank account balances...
Three Arrows Owes Polkadot Developer Moonbeam Foundation Over $27M, Court Documents Show
The fund, however, suffered massive losses following luna’s implosion in mid-May and a market-wide decline in June, leading to its insolvency. Lawyers involved in the liquidation proceedings of Three ...
Court Filing Shows Three Arrows Capital Owes Genesis $2.36B
Teneo released a 1,157-page court petition that included the numbers. 3AC filed for Chapter 15 bankruptcy on July 1 amid all the confusion. Three Arrows Capital (3AC), a crypto lending platform, owes ...
Crypto lender Genesis lent $2.36 billion to Three Arrows Capital
Genesis Asia Pacific Pte Ltd, a division of the crypto lender owned by Digital Currency Group, lent $2.36 billion to collapsed hedge fund Three Arrows Capital (3AC). Earlier reports have stated that...
Genesis Lent $2.36B To Bankrupt Crypto Hedge Fund Three Arrows Capital
Reports have revealed that Genesis had lent $2.36 billion to crypto hedge fund Three Arrows Capital (3AC). The crypto hedge fund had recently filed for Chapter 15 bankruptcy in New York. Genesis’s par...