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...
Tag: Capital
Scaramucci’s Skybridge Capital to Launch Venture Fund for Web3 & Crypto Investments
On Wednesday, Anthony Scaramucci’s global alternative investment firm SkyBridge Capital announced that it plans to launch a fund for web3 and crypto startups in September. The fund will mix trad...
Three Arrow Capital Saga: More Details Revealed
Three Arrow Capital is the name that Hollywood directors could keep in mind the next time they want to make a crypto film. The troubled lender Three Arrow Capital (3AC) is still in the spotlight. The ...
Stablecoin Firms Face Tough Reserve, Capital Demands in US Bill, Source Says
The offices of Chairwoman Maxine Waters (D-Calif.) and the panel’s ranking Republican, Patrick McHenry (R-N.C.), have preliminarily agreed that stablecoins should be directly reinforced with assets su...
Coinbase Had No Financial Exposure to Troubled Celsius, Three Arrows Capital, Voyager
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Skybridge Capital halts crypto fund withdrawals 1
Skybridge Capital has suspended withdrawals from one of the company’s funds. According to the statement, the fund in question, Legion Strategies, provides traders with crypto exposure. The news was co...
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...
Genesis Trading Reportedly Issued $2.36 Billion Loan To Three Arrow Capital
According to a recent report, Genesis Trading allegedly issued an under-collateralized loan of $2.36 billion to the embattled Three Arrows Capital (3AC). The lending platform had engaged in an arbitra...
Facebook Billionaire Eduardo Saverin’s B Capital Raises $250 Million For Its Early Stage VC Fund
Facebook cofounder Eduardo Saverin in Singapore. Bryan van der Beek/The Forbes Collection B Capital Group—an investment firm led by Facebook cofounder Eduardo Saverin, legendary investor Howard Morgan...
Scaramucci’s SkyBridge Capital Suspends Redemptions in a Crypto-Linked Fund
SkyBridge Capital suspended redemptions in the Legion Strategies fund amid further declines in stock and crypto asset prices. The suspension came about on July 18, 2022, because 20% of the Cayman Isla...
Modular Capital Raises $20M from MultiCoin, Others
Modular Capital is leveraging the crypto winter to invest in DeFi, NFTs, and other Web3 projects, and Multicoin wants to have a share in it. The crypto market is set to welcome a new hedge fund called...
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...
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...
Fintech and Bitcoin Payments Firm Zebedee Raises $35 Million From Kingsway Capital, Square Enix – Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
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...
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...
Christie’s Launches Venture Capital Arm to Support LayerZero for Art Trading
London-based British auction house Christie’s has announced its undisclosed investment in LayerZero, the first ever commitment it will be made through its new investment arm- Christie’s Ventures. As r...
Christie’s Launches Venture Capital Arm, Targets Blockchain
U.K. art auction house Christie’s is launching a venture-capital arm to invest in startups that make the exchange of art easier including blockchain companies. Christie’s Ventures aims to wager on sta...
Genesis Gave Nearly $2.50 Billion Loans To Three Arrows Capital
After revealing that Genesis liquidated positions in Three Arrows Capital (3AC) earlier, the exact amount of loss is now revealed. Crypto lender Genesis is said to have lent Three Arrows Capital a loa...
Web3 dominates venture capital interest in blockchain industry in Q2 2022
Cointelegraph Research brings an analysis of all the deals and trends from venture capital (VC) in the blockchain industry during the second quarter of 2022. When looking at the aggregate total amount...
Genesis Reportedly Lent $2.36 Billion to Three Arrow Capital
Genesis Global Trading – a crypto prime brokerage firm – reportedly credited the now insolvent Three Arrows Capital (3AC) with $2.36 billion in under collateralized loans. As reported by The Block, de...
Genesis Files $1.2B Claim Against Three Arrows Capital
Crypto broker Genesis Global Trading, has filed a $1.2 billion claim against the now insolvent Three Arrows Capital, according to a 1,157-page court filing uploaded by bankruptcy trustee Teneo. Genesi...
Investors lost over $100M after Invictus Capital moved funds into UST, Celsius against their wishes
Invictus Capital, a crypto investment firm based in South Africa, moved crypto from funds designated for investments with “no anticipated downside risk” into Terra USD and held the tokens through the ...
Pantera Capital Says To Expect More Turbulence In The Crypto Market In The Coming Months ⋆ ZyCrypto
Advertisement     Pantera Capital, in a letter to investors on Wednesday, has said investors should expect more meltdowns in the crypto space in the coming months due ...
Three Arrows Capital co-founder files $5 million claim against own firm while on the run
On July 8 it emerged that the liquidators of Three Arrows Capital (3AC) have not been able to connect with the company’s founders “in any meaningful way,” per a document submitted to the United States...