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CATEGORY: financial meltdown

Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 19, 2023 05:50

Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance

In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against him for his non-compliance with the New York [...]

The post Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance appeared first on Crypto Breaking News.

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Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 04, 2023 01:25

Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet

Former Chief Technology Officer at Coinbase, Balaji Srinivasan, closed out early a bet that the price of bitcoin would hit $1 million by mid-June amid hyperinflation of the U.S. dollar. Srinivasan paid a total of $1.5 million, more than the initially committed $1 million, with two-thirds of the money donated to two organizations. Former Coinbase

The post Ex-Coinbase Exec Balaji Srinivasan Closes Out $1 Million Bitcoin Bet appeared first on BTC Ethereum Crypto Currency Blog.

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