OPNX, the cryptocurrency exchange launched by the founders of the defunct hedge fund Three Arrows Capital, is set to close its doors in mid-February. Customers must settle their positions by February 7th at 08:00 UTC and withdraw their funds by February 14th. In an email to its customers, OPNX announced
Several months after their failed hedge firm 3AC went bankrupt, its founders launched two new businesses: a cryptocurrency exchange platform called OPNX and a new hedge fund named 3AC Ventures. So far, the 3AC ventures website consists just of a generic message requesting potential investors to send them an email.
On Friday, Sotheby’s completed the auction of many rare non-fungible tokens (NFTs) confiscated from the extensive collection of defunct crypto hedge firm Three Arrows Capital (3AC), netting $2,482,850. The Grails collection of NFTs, developed as part of 3AC’s asset portfolio which began in 2021, was the focus of the auction
In a very contentious move, the creators of the “Open Exchange” (OPNX) have raised $25 million without publicly disclosing their contributors. In the meanwhile, defunct cryptocurrency exchange CoinFLEX has announced that a Seychelles court has authorized its reorganization arrangement. Thus, momentarily increasing the value of its token. Kyle Davies contacted
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
The founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital “3AC”, Zhu Su and Kyle Davies, reportedly received a unique court subpoena via their “Twitter account”. On January 5th, 2023, a tweet thread about the subpoena was posted on the official Twitter account ‘3ACLiquidation’, for the court-appointed joint Liquidators
The liquidators of Three Arrows Capital (3AC) have publicly criticized the company’s co-founders, Zhu Su and Kyle Davies. For their refusal to cooperate during the restoration of cash to creditors. Liquidator Teneo, appointed by a court in the British Virgin Islands, has frozen $35.6 million in Three Arrows Capital’s Singapore
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
CFTC and SEC are looking into various potential legal infractions. US regulators are also looking closely at Celsius. According to Bloomberg News on Monday the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are investigating whether crypto hedge fund Three Arrows Capital (3AC), which declared bankruptcy
The liquidator overseeing bankruptcy proceedings has possession of the collection. The majority of the assets were moved to the new wallet in the last 2 days. This week, the highly significant Ethereum-based NFTs belonging to the crypto hedge fund Three Arrows Capital were transferred to a new wallet. And the
