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Su Zhu Amongst Creditors Files $5m Claim against His Own Firm: Sources

Su Zhu Amongst Creditors Files $5m Claim against His Own Firm: Sources

Su Zhu, the co-founder, and CEO of bankrupt Three Arrows Capital (3AC) is reportedly amongst the creditors that filed claims against the embattled crypto hedge fund.

Crypto Market Faces $825M Liquidation Amid Altcoin Declines

Crypto Market Faces $825M Liquidation Amid Altcoin Declines

The crypto market witnessed $825 million in liquidations as altcoins experienced significant drops, with long positions taking the brunt, according to CoinMarketCap.

Crypto Market Faces Volatility: Bitcoin (BTC) Dips Amid Liquidations

Crypto Market Faces Volatility: Bitcoin (BTC) Dips Amid Liquidations

The crypto market experienced significant volatility as $590 million in positions were liquidated, causing Bitcoin (BTC) to slip to $109K, according to CryptoNews.

Su Zhu Worried About Jail Term Over Liquidators Class Action Settlement - Report

Su Zhu Worried About Jail Term Over Liquidators Class Action Settlement - Report

The Singapore High Court recently approved liquidators to begin liquidating Three Arrows Capital’ remaining assets. Su Zhu worries that his firm (Three Arrows Capital) may not be able to fully comply with the liquidators’ demands, and therefore fears that they could face fines or jail.

FTX Former CEO Sam Bankman-Fried Grilled in Court Over Exchange's Risk Management Measures

FTX Former CEO Sam Bankman-Fried Grilled in Court Over Exchange's Risk Management Measures

FTX CEO Sam Bankman-Fried faced court examination on risk management after 2020 incident. BitMEX Research detailed discussions on "Allow Negative" code change, growth, and SBF's personal and professional entanglements.

Zipmex Misses Buyout Payment

Zipmex Misses Buyout Payment

Cryptocurrency exchange Zipmex has missed the latest payment under its buyout agreement with venture capital firm V Venture. Without the $1.25 million payment, the Singapore-based exchange warned it may have to begin liquidating one of its units and suspend payroll.

Trade Finance Platform We.Trade on the Brink of Liquidation, Report says

Trade Finance Platform We.Trade on the Brink of Liquidation, Report says

We.trade, a trade finance platform, established as a joint venture among multinational firms, including 12 banks is on the brink of liquidation, local media reports.

German Crypto Neobank Nuri to Sets Date to Close its Business

German Crypto Neobank Nuri to Sets Date to Close its Business

German crypto Neobank, Nuri is closing shop later this year

Entities Holding Less Than 100 BTC are the Best Survivors amid LUNA's Liquidation

Entities Holding Less Than 100 BTC are the Best Survivors amid LUNA's Liquidation

In a bid to salvage the LUNA and UST crash, the Luna Foundation Guard (LFG) liquidated 80,081 BTC, but these coins were received with open arms by entities holding less than 10,000 Bitcoins.

3AC Withdraws $45m from Curve and Convex amid Bankruptcy

3AC Withdraws $45m from Curve and Convex amid Bankruptcy

Three Arrows Capital (3AC) might have declared bankruptcy, but the firm is still conducting a number of robust transactions according to insights derived from on-chain data.

British Virgin Island Court Orders the Liquidation of Three Arrows Capital

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

Valkyrie to Liquidate Bitcoin Balance Sheet ETF following Low Customer Demand

Valkyrie to Liquidate Bitcoin Balance Sheet ETF following Low Customer Demand

The Valkyrie Balance Sheet Opportunities Fund is expected to liquidate on October 31, 2022.

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