As per reports, Su Zhu and Kyle Davies, the founders of the insolvent cryptocurrency hedge fund Three Arrows Capital (3AC) and the cryptocurrency exchange CoinFlex, respectively, are looking to raise $25 million to start a new exchange called GTX. Bankrupt crypto businesses including Mt. Gox, Celsius, BlockFi, and the most
Three Arrows Capital (3AC) crypto hedge fund co-founder Zhu Su is battling former FTX CEO Sam Bankman-Fried for allegedly manipulating the media and avoiding tough questions. Zhu Su resorted to Twitter today to elaborate on why he has been more active on social media since the FTX disaster. He says
Su Zhu and Kyle Davies, founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), have made a comeback on Twitter and in media appearances, and they have a lot to say about the demise of Sam Bankman- Fried’s FTX. However, neither they nor their legal team in Singapore
The firm bought 30 million LUNA in Terra early on and ended up losing. At its peak, the 30 million tokens bought by Hashed were valued around $3.6 billion. Hashed had a $3 billion loss on the Terra investment, according to new information from Bloomberg. According to Simon Seojoon Kim,
DeFi only paid for half of the requested six-month moratorium. Vauld ceased deposits, withdrawals, and transactions at the beginning of July. On August 1, a Singaporean court granted cryptocurrency lending startup Vauld a three-month suspension until November 7, 2022. After receiving demand letters from a few creditors, the judge further
Binance Labs recently led a $60M financing round for Multichain. Multichain is one of the biggest routers on the Binance Smart Chain. The fund raised will utilized in the growth of the team and ecosystem. The Venture Capital and incubation arm of Binance, Binance labs, recently led a $60M financing
The overall crypto market is currently striving to get its bullish hold after a brief downturn. The market cap has spiked over 2.40% to $2.25 trillion and trading volume has surged by 45.73%. Recently, the potential rise of meme coins observed in the market has gained attention within the market.
Three Arrows Capital (3AC) cofounder Su Zhu recently wrote in an X post praising SOL’s prospects. As the Breakpoint event draws near, Zhu projected that the price of Solana would rise. To set the scene, Solana hosts an annual conference called the Breakpoint event where ecosystem experts get together to
Blockchain investment behemoth Digital Currency Group (DCG) has paid off all of its short-term debts as of June. This is according to a quarterly shareholder letter the business sent out this week. Thanks in large part to a stellar performance during the first half of the year, the firm was
Terraform Labs, the company behind the troubled TerraUSD stablecoin, is progressing through its Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court has set a “confirmation hearing” for September 19, 2024, to evaluate the company’s proposed restructuring and liquidation plans for Terraform Labs Pte Ltd. and Terraform Labs Limited. On August
