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In the latest development surrounding the liquidation of Three Arrows Capital (3AC), Teneo, the appointed liquidator, has made significant moves with their STRK holdings. Over the past 24 hours, Teneo deposited another 1.035 million STRK tokens to Binance, valued at approximately $1.25 million at a price of $1.202 per token. […]
Davies claimed he is currently in Europe and would not return to Singapore immediately to avoid serving a four-month prison sentence like Su did.
Kyle Davies, co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has been ordered to answer the subpoena issued to him in Januaryor risk being held in contempt of court. The Jan. 5 subpoena was issued to Davies via Twitter by a New York bankruptcy court, instructing Davies to provide 3AC’s liquidators with documents [...]
The post 3AC co-founder can answer subpoena or ‘take his chances’ — US judge appeared first on Crypto Breaking News.
OPNX, a new exchange allowing traders to buy and sell claims against bankrupt firms, has revealed its venture capital backers, including AppWorks, Susquehanna, DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital. The exchange has faced criticism due to its association with the bankrupt 3AC hedge fund, but the company claims it will help make customers of failed crypto ventures whole again. (Read More)
Sotheby’s, the luxury auction house, successfully generated $2.5 million through the sale of non-fungible tokens (NFTs) from the now-defunct crypto hedge fund Three Arrows Capital (3AC). Among the sold pieces was Fidenza #725, a digital collectible crafted by the artist Tyler Hobbs. This Fidenza #725 NFT commanded an auction price of over $1 million during
The post Luxury Auction House Sotheby’s Sells Portion of 3AC’s NFT Collection for $2.5 Million appeared first on BTC Ethereum Crypto Currency Blog.
In a very contentious move, the creators of the “Open Exchange” (OPNX) have raised $25 million without publicly disclosing their
3AC’s founders provide more details on how their exchange for crypto bankruptcy claims will work.
Illuvium's community utilized its decentralized autonomous organization (DAO) to block an NFT event between Illuvium CEO Kieran Warwick and Three Arrows Capital founder Su Zhu. Due to controversies surrounding Zhu, Illuvium's community expressed concerns over the potential risks of being associated with him. The DAO then voted unanimously to cancel the event to avoid any association with Zhu. (Read More)
Blockchain.com, a crypto exchange and financial services platform has dismissed the claims to sell assets or subsidiaries. According to the Blockchain.com’s spokesperson, the firm is [...]
Zhu Su and Mark Lamb’s new crypto exchange will let harmed creditors to bankrupt crypto firms trade on their claims.
Crumpler & Farmer embark on a quest for 3AC's founders, but they're too busy setting up a new exchange.
Three Arrows Capital (3AC) founder Kyle Davies has been accused of defying court orders after he refused to comply with a subpoena. Kyle Davies accused [...]
The leadership of CoinFLEX and 3AC wanting to give the crypto market another shot was understandably met with raised eyebrows and not much else.
Three embattled entrepreneurs are dying to raise $25M for GTX, a new platform based on battle-tested technology.
As per reports, Su Zhu and Kyle Davies, the founders of the insolvent cryptocurrency hedge fund Three Arrows Capital (3AC)
Su Zhu and Kyle Davies want to tap into the ballooning crypto claims market by launching their own exchange. The crypto community is not impressed. GTX Three Arrows Capital is...
Su Zhu and Kyle Davies have been issued subpoenas to “furnish all documents available” to them.
For Bitcoin, 2022 was a year of lessons, frustrations, vindications, progress and, in some cases, regress. What should we take with us for 2023?
The founder of the hedge fund Three Arrows Capital which went bust last year has leveled fresh allegations against Digital Currency Group.
The drop in volume is likely due to the falling prices of most crypto assets and the loss of faith in exchanges because of FTX.
The post Daily Exchange Volume Fell Below $10B Starting Christmas Eve appeared first on BitPinas.
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