Three Arrows Capital wins court approval to expand FTX claim to $1.53B

A US bankruptcy court has ruled in favor of Three Arrows Capital (3AC), allowing the failed crypto hedge fund to increase its claim against the collapsed exchange FTX to $1.53 billion. This decision significantly raises the initial $120 million claim sought by 3ACs liquidators. Legal battle According to the March 13 court filing, 3ACs liquidators […]

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OPNX CEO scolds claimed backers after some deny investing in the firm

OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company.

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OPNX CEO scolds claimed backers after they deny investing in the firm

A number of supposed Open Exchange (OPNX) investors have been blasted by the CEO of the crypto claims trading platform after some publicly distanced themselves from the project after being named as backers. On April 22, OPNX’s CEO Leslie Lamb tweeted that the behavior of the firms was “disgusting” and “disappointing” saying they “want all [...]

The post OPNX CEO scolds claimed backers after they deny investing in the firm appeared first on Crypto Breaking News.

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3AC co-founder can answer subpoena or ‘take his chances’ — US judge

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 [...]

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Luxury Auction House Sotheby’s Sells Portion of 3AC’s NFT Collection for $2.5 Million

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.

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3AC co-founders launch marketplace to trade crypto claims

Founders of bankrupt crypto hedge fund Three Arrows Capital founders Zhu Su and Kyle Davies, in collaboration with CoinFLEX co-founders, have launched the “first public marketplace for crypto claims” Open Exchange.

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Three Arrows Capital (3AC) Ignores Twitter Subpoenas, Liquidators Furious

Crumpler & Farmer embark on a quest for 3AC's founders, but they're too busy setting up a new exchange.

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3AC Founder Accused Of Obstructing Court Orders

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 [...]

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Voyager victim calls for trustee to seize control of the estate

The 120-page motion came from a creditor who asked for the appointment of a chapter 11 trustee citing alleged fraud and incompetence at Voyager.

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Three Arrows Capital (3AC) Founders Raise $25M for New GTX Crypto Exchange

Three embattled entrepreneurs are dying to raise $25M for GTX, a new platform based on battle-tested technology.

Continue reading Three Arrows Capital (3AC) Founders Raise $25M for New GTX Crypto Exchange at DailyCoin.com.

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CoinFLEX partners with 3AC to raise funds for its new exchange platform

3AC (Three Arrows Capital Ltd.), a hedge fund established in 2012, and CoinFLEX, a crypto Futures, and Lending exchange shook

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3AC Founders Want to Launch a New Crypto Exchange

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...

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3AC, Coinflex Founders Raise $25M For Claims Trading Exchange

The creators of bankrupt crypto hedge firm 3AC are raising funds for a new cryptocurrency exchange. Their pitch deck seeks $25 million. Presentations call the new exchange GTX. On June 27, 3AC went bankrupt, and Su and Davies disappeared. (Read More)

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DCG Never Had a Relationship With 3AC – CEO Barry Silbert

Barry Silbert clarified details of its relations with bankrupt crypto hedge fund Three Arrows Capital (3AC) and Genesis Global Capital.

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Three Arrows Capital Founders Ordered by Liquidators on Twitter to Provide Documents

Su Zhu and Kyle Davies have been issued subpoenas to “furnish all documents available” to them.

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Crypto Flipsider News – Huobi Layoffs; French Crypto Rule; NFT Volume Surge; 3AC Served Subpoena; DCG Shutdown

Read our crypto digest here.

Continue reading Crypto Flipsider News – Huobi Layoffs; French Crypto Rule; NFT Volume Surge; 3AC Served Subpoena; DCG Shutdown at DailyCoin.com.

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Crypto Flipsider News – 3AC Accusation; Genesis Arbitration; Italy 26% Tax; Ethereum Activity Falls; SCB Rejects FTX Claims

Read our crypto digest here.

Continue reading Crypto Flipsider News – 3AC Accusation; Genesis Arbitration; Italy 26% Tax; Ethereum Activity Falls; SCB Rejects FTX Claims at DailyCoin.com.

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3AC founder Zhu Su alleges DCG and FTX caused the fall of LUNA and STETH | Invezz

Seven months down the line, 3AC founder, Zhu Su, has come out openly to blame Digital Currency Group (DCG), the parent firm behind Grayscale Investments and Genesis Trading, for the collapse of Terra. Last year saw some of the most dramatic collapses in the history of cryptocurrencies. It all started with the collapse of Terra ... Read more

<p>The post 3AC founder Zhu Su alleges DCG and FTX caused the fall of LUNA and STETH | Invezz first appeared on CCNC.</p>

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3AC’s Zhu Su Blames FTX & DCG For Terra’s Fiasco

Zhu Su, CEO of the defunct hedge fund Three Arrow Capital or 3AC, has taken to Twitter to pin blame on venture capital firm Digital Currency Group [DCG] and FTX for Terra’s fallout. In the series of tweets, the co-founder of the Singapore-based firm alleged that DCG and FTX hatched an elaborate plan to attack […]

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Lesser Evil? Terra and FTX’s Role in Bringing Down the Crypto Market

Terra-Luna and FTX's demise had tremendous impact on the virtual assets sector since numerous firms were dependent on them.

Continue reading Lesser Evil? Terra and FTX’s Role in Bringing Down the Crypto Market at DailyCoin.com.

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