Liquidators for Three Arrows Capital (3AC) Seeks to Revise Claims against FTX from $120M to $1.53B
The liquidators of Three Arrows Capital believe the action of FTX to liquidate $1.33 billion a few weeks before its collapse was unfair and avoidable.
3AC Co-Founder Kyle Davies Denies to Apologize for Hedge Fund Bankruptcy
Davies said that after the 3AC bankruptcy, the three co-founders are working on ways to add value and guide the next Three Arrows on how to do things better.
Open Exchange (OPNX) Set to Shut Down All Operations by February 14
The closure of the OPNX cryptocurrency exchange does not have a detrimental impact on Bitcoin (BTC) and Ethereum (ETH) prices.
Cryptocurrency Hedge Funds Gearing for Strong 2024 after Last Year’s Crypto Winter
While the average performance of crypto funds did not match the more than 150% rally in Bitcoin this year, the positive shift in fortunes is a promising development for the industry.
Three Arrows Capital Founders See $1 Billion Asset Freeze
By
Tokoni Uti
A court has frozen the assets of the Three Arrows Capital founders. The company owes $3.3 billion to creditors and filed for bankruptcy after the collapse of the Terra ecosystem last year.
Grayscale Joins Hands with FTSE Russell to Unveil Crypto Sector Index Series
The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases.
Singapore Central Bank Issues 9-Year Ban to Three Arrows Capital Founders
The MAS has also banned them from managing, acting as a director, or even being a substantial shareholder of any capital market services business operating in Singapore.
Voyager Creditors Receive $5.1M Bill from Law Firm for March-May Services
By
Tolu Ajiboye
McDermott Will & Emery has submitted a new bill of $5 million to Voyager creditors for the third interim, leading to a total over $16 million.
Three Arrows Capital’s Founders Float New VC Fund
Zhu and Davies have announced the launch of 3AC Ventures, which will focus on “superior risk-adjusted returns without leverage”.
Judge Michael Wiles Approves Voyager Digital’s Liquidation Plan after Several Failed Acquisition Attempts
The company noted that its customers will have the possibility to use the Voyager app to begin requesting paybacks, which will take place in 30 days.
EU Parliament Finally Passes MiCA as Industry Lauds Effort
While the EU is in the final stages of making MiCA a reality and hence fosters a more defined market participation, the industry has been fussing around the laid-back approach of the US in relation to floating similar rules.
Voyager $1B Deal with Binance.US Closer to Actualization Following Fed Agreement
By
Tolu Ajiboye
Binance.US is reportedly closer to acquiring Voyager assets after the UCC secured a deal with the US federal government.
Sotheby’s to Host Auction of NFTs from Failed Hedge Fund 3AC Collection
The total value of NFTs held by Three Arrows Capital (3AC) is $2.4 million. The Grails NFT collection includes NFTs from some popular Web3 projects as well as from some of the most notable artists.
Fractal Raises $6M in Seed Funding Led by Hack VC
Fractal wants to develop a platform that facilitates transparency. The aim of the company is to eliminate the opaqueness that has plagued the industry.
Founders of Three Arrows Capital Open New Crypto Exchange OPNX
The OPNX crypto exchange will allow trading of bankruptcy claims and adopts CoinFlex’s native crypto FLEX.