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
Celsius, a leading crypto loan platform, is now experiencing liquidity challenges. The corporation has maintained that it is in excellent health despite the market slump. Tether has informed investors and members of its community that Celsius Network’s recent loan liquidation has no detrimental effect on its reserves. According to the
Recently, the exchange halted withdrawals on its platform. An arbitration proceeding in Hong Kong is underway against this person. In response to Roger Ver, CoinFLEX has issued a fresh update. According to the latest statement, the exchange’s deficit has now climbed to $84 million due to the loss in liquidating
Crypto exchange Blockchain.com lost $270 million from Three Arrows Capital. Recently, 3AC failed to repay the loan of around $665M to Voyager Digital. According to Peter Smith, the CEO of prominent cryptocurrency exchange Blockchain.com, the firm loses over $270 million on loans from the crypto hedge fund, Three Arrows Capital
Genesis CEO, Michael Moro posted a tweet thread revealing their cover on the Three Arrows Capital (3AC). Previously in June, Genesis declared that a major participant was unable to repay the margin and they have dealt with it accordingly. 1/ As part of our goal in providing transparency to the
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,
The Terra crash has affected 3AC, pushing the liquidation limit. Bankman said that he has a few more billions to help the firms. Sam Bankman Fried, CEO of the largest crypto exchange platform FTX, said that he has spent $2 billion to savor many struggling companies. And he also stated
Lisbon, Portugal, 6th July, 2022, Chainwire Altitude has secured a $2.1m funding round from a number of prominent builders and angels in the Web3 ecosystem Altitude (Altitude.fi), a Decentralized Finance (DeFi) protocol offering a first-of-its-kind actively managed collateralized loan, which uses the volatility of the value of the collateral
Bitstamp exchange laid a €10 fee on some inactive accounts. Customers should maintain a €200 balance. The world’s longest-standing cryptocurrency exchange Bitstamp intends to impose a monthly inactive tax on a subset of its users, in order to offset the impact of the market decline on the platform’s trading volume.
According to reports, Kirkland and Ellis LLP are representing the company. More than 100,000 people were creditors to the company. Several projects have failed as a result of the current market downturn. Recently, the firm put all crypto trading, deposits, and withdrawals on hold. The company filed for Chapter 11
