Zipmex files for protection against creditors in Singapore

Troubled South Asian crypto exchange Zipmex has filed for protection against creditors in Singapore as it faces a liquidity crunch. Announcing the news on Wednesday, Zipmex said its solicitors Morgan ...

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 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...

Binance scales back investment in Axie Infinity developer’s post-hack fundraise

Binance has significantly reduced the size of its investment in Axie Infinity developer Sky Mavis. In April, days after North Korean hackers stole $540 million in crypto from the sidechain that suppor...