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A U.S. bankruptcy court has allowed the liquidators of the defunct crypto hedge fund Three Arrows Capital to substantially increase its claim against the collapsed crypto exchange FTX from $120 million to $1.53 billion. In a March 13 ruling by…
BTC
Bitcoin
News
OX.FUN, a hybrid perps crypto exchange backed by co-founders of the failed Three Arrows Capital hedge fund, is under scrutiny as data suggests it holds mostly its own OX token. Gamified crypto derivatives exchange OX.FUN, which lists Three Arrows Capital…
USDC
USDC
News
A meme coin fund launched by Three Arrows Capital has come under fire for allocating around 84% of its tokens to wallets belonging to team members and insiders. A post by BubbleMaps blockchain analytics showed that more than 80% of…
ETH
Ethereum
News
Liquidators of the defunct crypto hedge fund Three Arrows Capital are reportedly pursuing a claim of at least $1.3 billion from TerraForm Labs. According to an Aug. 12 report by Bloomberg, the claim stems from 3AC’s losses following the 2022…
LUNA
Terra
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Kyle Davies, co-founder of the hedge fund Three Arrows Capital, gave an extensive interview to journalist Laura Shin.
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OX.FUN, reportedly supported by controversial Three Arrows Capital (3AC) founder Su Zhu, has closed a new $4 million funding round led by Foresight Ventures. According to the OX.FUN post on X, investment will be used for product iteration, team building,…
News
Worldcoin’s 200% surge in the last week looks likely to buffer crypto creditor payments for investors in Three Arrows Capital and FTX, although a token unlock may induce sell pressure.
WLD
Worldcoin
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Open Exchange (OPNX), the cryptocurrency derivatives and bankruptcy claims platform founded by Su Zhu and Kyle Davies, the duo behind the now-bankrupt hedge fund Three Arrows Capital (3AC), will shut down this February. In an email sent to customers, OPNX…
News
The Singapore High Court has rejected Three Arrows Capital’s (3AC) motion to dismiss a lawsuit filed by Arthur Cheong, founder of the web3 investment firm DeFiance Capital. The latest decision marks a pivotal moment in the ongoing legal battle between…
News
This week witnessed a proliferation of global regulatory efforts as Nigeria lifts ban on crypto. Plus: Do Kwon, 3AC and Sam Bankman-Fried.
BTC
Bitcoin
News
Assets worth about $1 billion belonging to the cryptocurrency hedge fund Three Arrows Capital (3AC) founders were frozen by a British Virgin Islands court. As stated by the firm’s liquidator, a British Virgin Islands court has frozen about $1 billion…
News
Su Zhu, co-founder of Three Arrows Capital (3AC), reportedly faced his first court questioning in Singapore court regarding the firm’s collapse. Su Zhu the co-founder of the defunct Three Arrow’s (3AC) capital has made a court appearance in Singapore spanning…
News
Over 11% of global VC funding in blockchain and crypto was funneled towards ventures based in Hong Kong and Singapore, PitchBook data shows.
Markets
The token of the Open Exchange (OX) cryptocurrency platform OPNX rose 50% after a tweet from the arrested co-founder of the exchange Su Zhu. According to CoinMarketCap data, the OPNX token price rose 50% to $0.0214 just 20 minutes after…
News
Genesis agrees to a $33 million settlement with Three Arrows Capital, significantly less than the original $1 billion claim, amid ongoing crypto turmoil. Bankrupt crypto lender Genesis has consented to a settlement with the now-defunct crypto hedge fund Three Arrows…
News
In a Nov. 9 court filing, Genesis, the cryptocurrency trading lender heavily impacted by the collapse of Three Arrows Capital (3AC) and FTX last year, is now seeking out court approval for a settlement agreement.
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