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
Voyager Digital Holdings was offered a purchase deal by FTX & partners. Customers are provided with an opportunity to cash out from the FTX account. Voyager Digital investors have been offered a helping hand by the FTX exchange as it is planning to accumulate the prior mentioned. The accumulation will
Public Bitcoin miners sold 4,456 BTC in May alone. 3AC owes lenders 18,193 BTC and the equivalent of 22,054 BTC in GBTC. Since May 10, the largest institutions have sold up to 236,237 Bitcoin (BTC), worth $5.541 billion at the time of writing, some often as a result of forced
Blockchain.com is reducing about 150 employees, due to financial losses. The exchange recently lost $270 million from Three Arrows Capital. As per reports, Luxembourg-based cryptocurrency exchange Blockchain.com is disbanding 25% of its employees, amid financial losses and the collapse of the global crypto market. The latest workforce reduction will affect
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.
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
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
DFR is set to investigate the crypto lending platform, Celsius. As per DFR, Celsius is an ‘unregistered security’, it operated outside the law. The U.S based Vermont Department of Financial Regulation (DFR), has a recent update on the crypto firm, Celsius Network. According to a statement issued on Tuesday, DFR
10,000 new web3 jobs will be created as part of the company’s $380 million investment. According to the notification, local university graduates would be given precedence. Dunamu, an asset management, and fintech company plans to invest $380 million to generate over 10,000 new web3 jobs. Dunamu is a well-known South
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
