Loans to the troubled hedge firm Three Arrows Capital would be immune from this. Customers who don’t want to use FTX may nonetheless file bankruptcy claims. Alameda Research and its affiliate FTX have offered to purchase Voyager Digital, but Voyager Digital has rejected the deal, calling it a “low-ball bid.”
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
Around $21 billion has flowed out of active equities in the last decade for BlackRock. BlackRock’s customers withdrew more than $20B during the first half of the year. There has been a direct and indirect impact on the financial environment due to geopolitical and macroeconomic upheaval. Of course, crypto firms
$34 million is apparently owing to Vauld’s biggest individual retail creditor. Based on court records and an affidavit, Vauld possesses $287.7 million. Singapore-based Vauld, a cryptocurrency lending, and trading company owe its debtors $402 million, according to The Block. Vauld CEO Darshan Bathija submitted a statement to Singapore’s High Court
The new partnership between Cake DeFi and Razer Silver allows users to access major cryptocurrencies. Cake DeFi will be listed and promoted on the Razer Silver website. The Singapore-based crypto finance platform, Cake DeFi has officially announced a collaboration with Razer Silver, supported by Razer Inc, the world’s leading lifestyle
For the first time, Portal, a cross-chain DEX network based on Bitcoin, is pleased to announce its Reg D equity offering through Republic, a multi-asset investment platform that enables anybody to participate in verified, private firms. Monday, July 18th, was the first day of the public sale. In order to
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
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.
