Search Results for "three arrows"
Digital Currency Group Reports Over $1 Billion Loss Due to 3AC Collapse
Digital Currency Group (DCG) has reported losses of over $1 billion in 2022, largely due to the collapse of Three Arrows Capital (3AC) and falling cryptocurrency prices. DCG's lending arm, Genesis, filed for Chapter 11 bankruptcy in January, as it was 3AC's largest creditor. DCG's fourth-quarter losses came to $24 million, while revenues came in at $143 million. Full-year revenues for DCG came in at $719 million, with total assets of $5.3 billion.
British Virgin Island Court Orders the Liquidation of Three Arrows Capital
Earlier this week, a British Virgin Islands Court ordered the liquidation of the embattled crypto hedge fund, Three Arrows Capital (3AC), as the firm has proven beyond doubt that it cannot fulfill its debt obligations
Three Arrows Capital Files for Chapter 15 Bankruptcy in the US
The embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in the U.S. as it looks to preserve its assets in the State.
MAS Insists Terra, 3AC Unlicensed to Operate in Singapore
Ravi Menon, the managing director of the Monetary Authority of Singapore, indicated that crypto entities like Terraform Labs, the Luna Foundation Guard and Three Arrows Capital are unlicensed by MAS in Singapore.
Finblox Raises Withdrawal Limit, Exploring Lawsuit against 3AC
Finblox has increased its limits for crypto withdrawals. Crypto staking platform raised the cap from $1,500 monthly to $3,000 daily. Finbox also plans to recover its funds from Three Arrows Capital through legal actions.
Court Freezes Over $1 Billion in Three Arrows Capital Assets
The British Virgin Islands court has imposed an asset freeze on Three Arrows Capital, highlighting the significant challenges and volatility in the cryptocurrency sector.
Mark Cuban To Testify On Voyager Marketing
Mark Cuban will be deposed in a class-action lawsuit claiming that he supported Voyager Digital's Ponzi scam. Judge Lisette M. Reid ordered Cuban's complete deposition on February 2 in Dallas, Texas. Plaintiffs' attorneys applauded the judge's denial of Cuban's motions to halt and postpone discovery.
US Court Approves Sealed Settlement in BlockFi vs. 3AC Dispute
A US judge approved a confidential settlement between BlockFi and Three Arrows Capital, aiming to resolve financial disputes without further litigation. The details remain sealed to protect sensitive information amidst BlockFi's bankruptcy proceedings and its implications on the broader crypto market.
Mina Foundation Raises $92m to Boost Zero-Knowledge Proof Technology
Mina Foundation, the blockchain outfit responsible for the development and management of the world’s lightest blockchain, Mina Protocol has pulled the sum of $92 million in funding from investors led by Three Arrows Capital and FTX Ventures.
Three Arrow's Su Zhu Puts Singapore Luxury Home for Sale
Su Zhu, the co-founder and Chief Executive Officer of embattled Three Arrows Capital (3AC) has put his Singapore mansion for sale.
Su Zhu and Kyle Davies Finally Speaks About the Collapse of 3AC
During an interview with Bloomberg, Su Zhu, and Kyle Davies, the co-founders of Three Arrows Capital (3AC), the troubled hedge fund broke silence on the happenings that they have experienced in the past few weeks
Singapore High Court Upholds DeFiance Capital's Claim Against Three Arrows Capital
Singapore's High Court upheld DeFiance Capital founder Arthur Cheong's trust relationship over assets disputed in bankruptcy proceedings, establishing investors' rights in cryptocurrency assets and trust law.