FTX, the Bahamas government, and lawyers hired to liquidate the failed crypto empire’s Bahamian operations remain at loggerheads over granting access to FTX’s Bahamian computers to review what assets ...
Tag: Liquidators
FTX’s Bahamas Liquidators Seek to Exclude Over $200M Worth of Luxury Properties From Liquidation
The Bahamas liquidators are seeking to exclude over $200 million worth of luxury properties in the country from the estate of FTX, as the bankrupt crypto exchange seeks to wind up and repay creditors ...
3AC Liquidators File $30M Claim for ‘Much Wow’ Super Yacht
Liquidators appointed to oversee Three Arrows Capital’s bankruptcy said the crypto hedge fund’s co-founders Su Zhu and Kyle Davies are still not cooperating for information, forcing them to investigat...
Three Arrows Capital liquidators holds $35.6 M
The Liquidators of Three Arrows Capital have taken over about $35.6 million from the bankrupt crypto hedge fund. Teneo, a financial advisory and liquidation company, is the biggest portion of funds a...
Some hope for Three Arrows Capital investors, as liquidators recover this amount
Liquidators seize the largest amount from Three Arrows Capital yet Regulators accuse co-founders of being uncooperative Liquidators for the bankrupt cryptocurrency hedge fund Three Arrows Capital re...
Legal team for 3AC liquidators blast founders for shifting blame to FTX, media blitz amid bankruptcy
The founders of Three Arrows Capital, or 3AC, the Singapore-based crypto hedge fund with close ties to Terra Labs, have been spending more time engaging on social media and news outlets than dealing w...
Three Arrows Liquidators Seize $35M, Seek $30M More for ‘Much Wow’ Superyacht
Liquidators for collapsed crypto hedge fund Three Arrows Capital (3AC) today said they seized $35.6 million in cash held by the failed firm in Singaporean banks. They also managed to recover a couple ...
Three Arrows Capital Liquidators Seize $35.6M From Singaporean Banks
On July 6, five days after Three Arrows, which is also known as 3AC, filed for bankruptcy, Su and Davies appeared at an introductory Zoom call with lawyers for the hedge fund, but kept their cameras a...
Three Arrows Capital liquidators begin taking control of failed hedge fund’s assets
Teneo, the advisory firm overseeing the liquidation of crypto hedge fund Three Arrows Capital (3AC), has taken control of some of its assets, according to a presentation deck obtained by The Block. &#...
Over $643,000,000 in Solana (SOL) Now Controlled by Liquidators as Part of Alameda Research Bankrutpcy Process: On-Chain Data
A platform dedicated to tracking Solana’s key on-chain metrics says hundreds of millions of dollars worth of SOL are now in the hands of Alameda Research liquidators. Solana Compass reveals that Sam B...
FTX Bankruptcy Hearing: Bahamas Liquidators Transfer Case to Delaware, Creditor Names Remain Redacted
The judge overseeing the bankruptcy case of fallen crypto exchange FTX today agreed to continue bankruptcy proceedings in Delaware and keep the names and addresses of the top 50 creditors—owed approxi...
Bahamas FTX Liquidators Agree to Transfer Bankruptcy Case to Delaware
“We had filed with your Honor a motion to transfer that case from the Southern District of New York to the district of Delaware, and we are pleased to report that we have reached an agreement wi...
Bahamas Liquidators Discover Possibilities Of Fraud From FTX
Still, on the ongoing FTX fiasco, the embattled crypto exchange has got it hot from all corners. On one side is the intensive investigation by the regulators, then legal actions from creditors. A few ...
FTX May Have Committed Serious Fraud and Mismanagement: Bahamas Liquidators
One week after the implosion, legal woes for FTX have only intensified. According to the latest court filings from the company’s Bahamian liquidators, there are signs of “serious fraud and mismanageme...
Bahamian liquidators reject validity of FTX’s US bankruptcy filing
Brian Simms, the court-appointed provisional liquidator overseeing the bankruptcy proceedings of FTX Digital Markets in the Bahamas, has called into question the validity of a Chapter 11 bankruptcy fi...
Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings
“The Joint Provisional Liquidators’ findings to date indicate that serious fraud and mismanagement may have been committed” with respect to the group, said the document filed in the U.S. Bankruptcy Co...
Big 4 Accounting Firm PwC Approved as Joint Provisional FTX Liquidators
The Securities Commission of the Bahamas, where FTX is headquartered, has approved the liquidation of FTX’s assets, according to a press release issued this morning. Last Thursday, the regulator...
Bahamas’ supreme court approves ‘provisional liquidators’ for FTX
The Supreme Court of the Bahamas has approved two provisional liquidators to oversee the assets of crypto exchange FTX Digital Markets, which is headquartered in the country. According to a Nov. 14 an...
Bahamas supreme court appoints liquidators for FTX assets
Bahamas Securities Commission revealed that the country’s supreme court has approved the appointment of Kevin Cambridge and Peter Greaves of PricewaterhouseCoopers as the provisional liquidators of th...
Bahamas approves provisional liquidators for FTX assets
“Given the magnitude, urgency, and international implications of the unfolding events with regard to FTX, the Commission recognized that it had to, and moved swiftly to use its regulatory powers...
3AC liquidators seek ‘alternative means’ to subpoena missing founders
Liquidators for Three Arrows capital (3AC) have asked a United States court to grant them permission to subpoena the embattled crypto hedge fund’s founders through “alternative means.” To this date, t...
3AC Liquidators Want to Subpoena Su Zhu, Kyle Davies via Twitter
Co-founders’ Singapore counsel refused to accept papers on behalf of clients, motion states Fund’s investment managers have produced only “piecemeal, selective disclosures” Teneo, the foreign represen...
Coinbase Gets Crypto License in Singapore, 3AC Liquidators Begin Probe
Coinbase has been granted a license to operate in Singapore, which will let it offer crypto products and services in the country. The Monetary Authority of Singapore (MAS) has granted crypto exchange ...
Liquidators Move Over 300 NFTs From Bankrupt Crypto Hedge Fund Three Arrows Capital to New Wallet: Report
The court-appointed liquidator of Three Arrows Capital (3AC) is reportedly moving over 300 Starry Night Capital non-fungible tokens (NFTs) from 3AC wallets. Starry Night Capital was launched by 3AC CE...
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 Worried About Jail Term Over Liquidators Class Action Settlement – Report
Su Zhu, a co-founder of Three Arrows Capital (3AC), a Singapore-based cryptocurrency hedge fund firm, delivered an affidavit in person in Bangkok, Thailand, on August 19, as reported by Bloomberg on F...
3AC co-founder fears Jail term over liquidator’s misrepresentation
Three Arrows Capital co-founder Su Zhu is worried he and other company directors could face jail terms for contempt of court due to the liquidators’ misrepresentation, Bloomberg News reported on Augus...
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 ...