Sat, November 23

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

Celsius’ Debtor List Now Includes ‘EquitiesFirst’ Owing $439 Million

Bankruptcy proceedings have been halted, and client funds have been frozen. EquitiesFirst seems to be a creditor of crypto hedge firm Three Arrows Capital (3AC). EquitiesFirst, a single counterparty that owes Celsius $439 million, has been making monthly payments of $5 million to clear its debt with the company. Due

July 17, 2022 2 mins read

Celsius Makes Strong Comeback, Total Debt Stands at Only $59 Million

Almost a tenth of the asset’s $4.4 billion market value has been rescued. More than 23,000 WBTC (equivalent to $440 million) were returned. After retrieving 400,000 Staked Ethereum in collateral from an Aave loan, the troubled crypto lending company Celsius has paid off virtually all of its outstanding DeFi debt.

July 13, 2022 1 min read

Uniswap Phishing Attack Results in $4.7 Million in ETH Stolen

The perpetrators had stolen ETH from victims as well as ERC20 tokens and NFTs. The Uniswap team responded that the attack was part of a phishing scheme. At least $4.7 million worth of Ethereum was stolen in a sophisticated phishing attempt targeting Uniswap v3 protocol liquidity providers (LPs). On the

July 12, 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

FDIC Insured Claim by Voyager Digital Under Scrutiny Amid Crisis

Voyager announced its Chapter 11 bankruptcy filing on Wednesday. An insured bank must provide $250,000 in insurance to each of its customers. As confirmed by an FDIC official, Reuters reported on Thursday that the Federal Deposit Insurance Corporation (FDIC) is investigating Voyager Digital Ltd. (TSE: VOYG) and its promotion of

July 9, 2022 2 mins read

Celsius Being Sued by CEO of KeyFi Alleging Multiple Accusations

Stone has been seeking to settle “a significant sum of money” that Celsius owes KeyFi. Stone claimed that the DeFi account 0xb1 was handling roughly $2 billion in assets. Jason Stone, a DeFi entrepreneur and CEO of KeyFi, Inc., is suing Celsius, a crypto lending platform, for allegedly failing to

July 8, 2022 2 mins read

Crema Finance Retrieves Stolen Funds After Negotiation With Hacker

The DeFi project’s staff said it had received an on-chain response from the hacker. The firm submitted its modified coding to the blockchain security company Slowmist. Approximately $8.7 million in crypto assets were stolen from the DeFi project Crema Finance on July 2, 2022. According to Ottersec, a blockchain auditing

July 7, 2022 1 min read

Filing Reveals Alameda Research Owes $337M to Voyager Digital

Currently, Alameda Research owes Voyager $377 million. Voyager issued a default notice recently because 3AC could no longer pay. A borrower bailing out its lender for hundreds of millions of dollars is rare. According to a Chapter 11 bankruptcy petition by crypto broker Voyager Digital, Sam Bankman- Fried’s Alameda Research,

July 7, 2022 1 min read