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Search Results for: Three Arrows Capital

Three Arrows Capital Linked Exchange OPNX Declares Shutdown

OPNX, the cryptocurrency exchange launched by the founders of the defunct hedge fund Three Arrows Capital, is set to close its doors in mid-February. Customers must settle their positions by February 7th at 08:00 UTC and withdraw their funds by February 14th. In an email to its customers, OPNX announced

February 2, 2024 1 min read

Co-Founder of Defunct Three Arrows Capital Arrested in Singapore

On Friday afternoon, Singapore authorities detained Su Zhu, a co-founder of the defunct cryptocurrency hedge firm Three Arrows Capital, at Changi Airport. According to Teneo, which is in charge of winding down the failed hedge firm, he was attempting to escape the country when he was arrested. Both Zhu and

September 29, 2023 1 min read

Insolvent Three Arrows Capital Founders Launch 3AC Ventures

On June 21, the platform Open Exchange (OPNX), which allows users to trade claims against insolvent crypto companies, made an announcement about a new ecosystem partner that would be known as “3AC Ventures.” Developers claim that the new venture will invest in projects linked to the OPNX ecosystem. Su Zhu

June 22, 2023 2 mins read

Three Arrows Capital Founders Receive Subpoena on Twitter

The founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital “3AC”, Zhu Su and Kyle Davies, reportedly received a unique court subpoena via their “Twitter account”. On January 5th, 2023, a tweet thread about the subpoena was posted on the official Twitter account ‘3ACLiquidation’, for the court-appointed joint Liquidators

January 6, 2023 2 mins read

$35.6M Seized From Insolvent Three Arrows Capital’s Bank Account

The liquidators of Three Arrows Capital (3AC) have publicly criticized the company’s co-founders, Zhu Su and Kyle Davies. For their refusal to cooperate during the restoration of cash to creditors. Liquidator Teneo, appointed by a court in the British Virgin Islands, has frozen $35.6 million in Three Arrows Capital’s Singapore

December 3, 2022 2 mins read

NFT Collection Held by Three Arrows Capital To Be Auctioned

The liquidator overseeing bankruptcy proceedings has possession of the collection. The majority of the assets were moved to the new wallet in the last 2 days. This week, the highly significant Ethereum-based NFTs belonging to the crypto hedge fund Three Arrows Capital were transferred to a new wallet. And the

October 6, 2022 1 min read

Three Arrows Capital Founders Reveal Reasons Behind Downfall

Overexposure to Terra, staked Ethereum, and Grayscale’s Bitcoin trust are blamed. Zhu said that when it came to Terra, he originally saw no warning signs. A Bloomberg interview with Su Zhu and Kyle Davies, the two co-founders of the recently collapsed crypto hedge firm Three Arrows Capital (3AC), has broken

July 24, 2022 2 mins read

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 Genesis $2.36 billion, according to court documents from Trustee Teneo. According to court documents, Genesis Asia Pacific Ltd.

July 19, 2022 1 min read

Zhu Su Co-founder of Three Arrows Capital Among List of Creditors

The co-founder is said to have filed a $5 million lawsuit. The fund’s investment manager, ThreeAC Limited, has also made a $25 million claim. Starting with 3AC, Voyager, and Celsius, several companies went bankrupt during this crypto bear market’s decline. In contrast to the other platforms, 3AC has been accused

July 18, 2022 2 mins read

Creditors Claim Three Arrows Capital Founders Gone Missing!

Three Arrows moved for Chapter 15 bankruptcy at the end of June. Liquidators sent by the court could not access the company’s Singapore headquarters. A filing by advisory firm Teneo, which is anticipated to sell the remaining assets of the controversial cryptocurrency hedge fund, reveals that the Three Arrows Capital

July 12, 2022 2 mins read