Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Genesis Trading allegedly lent Three Arrows Capital $2.36 billion.
Estimates had earlier put Genesis Trading’s losses due to exposure to Three Arrows Capital in the ‘hundreds of millions.’
Three Arrows Capital’s bankruptcy claims have hal...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Three Arrows Capital co-founder Su Zhu is supposedly among the 3AC creditors.
Zhu has filed a claim worth $5 million against the very same company that he founded alongside Kyle Davies, per reports.
The news was shared via Twitter by a us...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Three Arrows Capital liquidators have a meeting set for July 18, 2022.
This is the first time 3AC creditors are scheduled to meet and discuss proceedings.
Teneo Restructuring will lead the meeting as the appointed liquidator by a British...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Three Arrows Capital liquidator Teneo Restructuring has hired WongPartnership LLP to handle petition efforts in Singapore.
The move is geared toward securing approval from a Singapore High Court to preserve 3AC assets on behalf of credito...
Bitcoin News / Bitcoin.com - 1 year ago
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtorȁ...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Su Zhu tweeted for the first time in almost a month.
The 3AC co-founder claimed that liquidators are baiting.
Zhu alleged that the company has shown good faith and attempted to cooperate.
Three Arrows Capital cratered shortly after Terra’...
Bitcoin News / Bitcoinist - 1 year ago
The founders of Three Arrows Capital are nowhere to be found, a filing by advisory firm Teneo, which is expected to liquidate the remaining assets of the embattled cryptocurrency hedge fund, disclosed.
Late in June, Three Arrows filed for Chapter 15...
by COINS NEWS - 1 year ago
tldr; Three Arrows Capital’s founders Su Zhu and Kyle Davies are nowhere to be found, according to officials charged with liquidating the bankrupt company. The Singapore-based hedge fund defaulted on a $670 million loan and failed to repay $270 mill...
by COINS NEWS - 1 year ago
tldr; Three Arrows Capital’s founders Zhu Su and Kyle Davies are missing, according to court-appointed liquidators. The founders haven’t cooperated with the liquidators, who were appointed by a British Virgin Islands court to wind down operations. T...
by COINS NEWS - 1 year ago
tldr; The whereabouts of the co-founders of crypto hedge fund Three Arrows Capital are currently unknown, according to a bankruptcy filing made to the US Bankruptcy Court of the Southern District of New York. The hedge fund had over $3 billion of as...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Three Arrows Capital’s bankruptcy filing states that the location of both Su Zhu and Kyle Davies is currently unknown, and the pair might have left Singapore.
The document also states that Three Arrows Capital managed $3 billion in digita...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary:
Blockchain.com’s CEO has revealed that the company faces a $270 million loss on loans to the Three Arrows Capital hedge fund.
However, he states that the company remains liquid and solvent, and its customer will not be affected by the los...
Bitcoin News / Google News Bitcoin - 1 year ago
Good morning. Here’s what’s happening:
Prices: Bitcoin clears $21.5K on a good day for cryptos.
Insights: Three Arrows Capital court order reveals interesting details; CEO Su Zhu and his wife are creditors.
Catch the latest episodes of CoinDe...
Cryptocoins News / EthereumWorldNews - 1 year ago
Genesis CEO Michael Moro revealed the information over Twitter on July 6.
Parent company Digital Currency Group is working with Genesis to fix the situation.
Several crypto companies are under enormous stress because of the recent market crash.
C...
Bitcoin News / Bitcoin.com - 1 year ago
Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund Three Arrows Capital (3AC) on a lo...
Bitcoin News / Bitcoinist - 1 year ago
Most capital markets have done little favors this year for speculative investors. The NFT market hasn’t been spared from crypto’s chaos, which has led to the downfall of former top 10 tokens, CeFi platform drama, and hedge fund collapses...
Cryptocoins News / Blockchain - 1 year ago
The embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in the U.S. as it looks to preserve its assets in the State. (Read More)
Bitcoin News / Bitcoin.com - 1 year ago
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapter 15 proceeding so liquidators and creditors cann...
Cryptocoins News / Blockchain - 1 year ago
Despite its current woes as a liquidated company, the Monetary Authority of Singapore (MAS) has come out openly to accuse Three Arrows Capital (TAC), also popularly called 3AC, of providing it with false information about key aspects of its business...
Cryptocoins News / Blockchain - 1 year ago
Earlier this week, a court from the British Virgin Islands ordered the liquidation of embattled crypto hedge fund Three Arrows Capital (3AC), as the firm proved beyond doubt that it cannot fulfil its debt obligations.
As by Sky News, Teneo, a Brit...
Bitcoin News / Bitcoin.com - 1 year ago
According to a recent report from Sky News citing a source familiar with the matter, “cryptocurrency insiders” have said that the troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Vi...
More / Etherum Reddit - 1 year ago
A court in the British Virgin Islands has ordered the liquidation of Singapore-based Three Arrows Capital, underlining the crisis gripping the cryptocurrency sector. Three Arrows Capital, a cryptocurrency-focused hedge fund, has plunged into liquidat...
Bitcoin News / Bitcoinist - 1 year ago
According to a report from Sky News on Wednesday, a judge has apparently ordered the liquidation of Three Arrows Capital. If true, this decision will exacerbate the turmoil that has plagued the crypto hedge fund and the crypto space as a whole over t...