1 / 2 Relevant items tagged with #3AC

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3AC liquidators file $1.3B claim against Terraform Labs

[Aug 13 10:22 AM] 3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem.

Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg

[Aug 13 7:06 AM] Defunct cryptocurrency hedge fund Three Arrows Capital's (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.

3AC-linked wallet bought NFT for $59K due to 3-year-old offer that wasn’t canceled

[Jul 5 2:39 PM] Arkham data shows that a wallet belonging to failed hedge fund 3AC spent $59,000 on the Neon Village NFT from artist Seerlight.

3AC Co-Founder Kyle Davies Says He Won’t Apologize for Crypto Hedge Fund Going 'Bankrupt'

[Mar 20 1:59 AM] Kyle Davies, the co-founder of the now-defunct Three Arrows Capital, has stated that he is not sorry for the company going bankrupt.

Su Zhu Recommends Prison for All, in an Attempt to Rebuild a Reputation

[Jan 29 2:51 PM] Flipping the narrative, the disgraced 3AC financier says he enjoyed life behind bars. “I had the best sleep of my life.”

Court Freezes $1 Billion of Assets of Three Arrows Capital Founders

[Dec 21, 2023 3:52 AM] The worldwide order by a British Virgin Islands court applies to founders Su Zhu, Kyle Davies and Davies' wife, Kelly Chen.

OPNX token spikes 50% after Su Zhu unexpectedly posts a 'gm' on Twitter

[Nov 30, 2023 11:52 PM] The OX token hit a price high not seen since co-founder Su Zhu was arrested in late September.

CoinFLEX creditors dissatisfied with restructuring to OPNX: Report

[Nov 23, 2023 7:00 AM] CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing.

3AC co-founder Kyle Davies spotted in Bali, sources claim

[Nov 16, 2023 7:55 AM] Sources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund.

Genesis, Three Arrows Capital Reach Agreement on $1B of Claims

[Nov 13, 2023 4:59 AM] The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to defunct hedge fund 3AC.

OPNX gets EU spot crypto trading license in Lithuania

[Nov 8, 2023 8:00 AM] Kyle Davies’ and Su Zhu’s OPNX exchange acquired a Lithuania virtual asset license to offer spot trading in the EU.

Crypto Exchange Linked to 3AC Founders Drops Lawsuit Against Mike Dudas

[Oct 30, 2023 5:02 AM] OPNX voluntarily dropped its defamation suit against the venture investor and crypto personality.

Hobbled Crypto Exchange's Creditors Are Suing Its CEO and Want to Claw Back Money From 'Bitcoin Jesus'

[Oct 25, 2023 4:31 PM] CoinFLEX CEO Mark Lamb breached his fiduciary duty when he created a new company, OPNX, with the founders of failed crypto hedge fund Three Arrows Capital, creditors argue. They are also critical of a deal Lamb struck with early BTC evangelist…

BlockFi emerges from bankruptcy and opens wallet withdrawals

[Oct 24, 2023 1:26 PM] BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests.

BlockFi Bankruptcy Judge Says He Wants 3AC’s $284M Claim Resolved in Mediation

[Oct 10, 2023 1:23 PM] Failed crypto hedge fund Three Arrows Capital’s (3AC) attempt to pursue a $284 million claim against crypto lender BlockFi was put into mediation by the U.S. bankruptcy judge overseeing BlockFi’s case.

An Urban Farmstead Emerges From 3AC Co-Founder’s Bankrupt-Shadowed Mansion

[Oct 5, 2023 2:30 AM] According to a report, the spouse of Three Arrows Capital (3AC) co-founder Su Zhu has transformed their residence into a farmstead. The farm reportedly boasts numerous garden beds, a variety of composting zones, and the couple’s swimming pool…

Su Zhu's $36M mansion transformed into eco-farm post-3AC collapse: Report

[Oct 4, 2023 12:30 PM] The 3AC co-founder purchased the Singaporean bungalow in March 2022, shortly before the hedge fund collapsed.

Former Three Arrows Capital Executive Su Zhu Arrested in Singapore

[Sep 29, 2023 2:00 PM] Su Zhu, a founding member of the now-insolvent Three Arrows Capital, was apprehended in Singapore at Changi Airport on Friday, as per the firm’s liquidator, Teneo. Zhu received a four-month prison sentence for failing to cooperate in the…

Report: Hodlnaut’s Judicial Managers Oppose OPNX Takeover

[Sep 19, 2023 2:30 PM] According to a recent court filing, interim judicial managers for the troubled crypto lender Hodlnaut oppose a takeover by the crypto firm OPNX, which is linked to the now-defunct crypto hedge fund Three Arrows Capital and its founders. OPNX…

Singapore’s Monetary Authority Issues 9-Year Ban on Three Arrows Capital Founders

[Sep 14, 2023 12:00 PM] The Monetary Authority of Singapore (MAS) has issued nine-year prohibition orders against Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies, banning them from regulated financial activities in the country. The orders come after a MAS…

Singapore's central bank slugs Three Arrows founders with 9-year ban

[Sep 13, 2023 9:51 PM] Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore.

3AC Founders' OPNX Fined $2.7M by Dubai Crypto Regulator

[Aug 16, 2023 6:31 AM] The exchange was formally reprimanded by the Virtual Assets Regulatory Authority (VARA) in May.

DeFiance Capital Gains Upper Hand In Jurisdiction Battle Against 3AC: Singapore Courts To Preside

[Aug 15, 2023 10:00 AM] The crypto finance world has witnessed numerous disputes, but few have been similar to that of the ongoing feud between DeFiance Capital and Three Arrows Capital Limited (3AC). Particularly, this dispute underscores the intricate interplay between…

Bankrupt Crypto Lender BlockFi Inches Closer to Refunding Clients

[Aug 2, 2023 10:15 PM] A disclosure statement is an official, court-approved document outlining the debtor’s assets and liabilities.

3AC co-founders' OPNX exchange onboards FTX, Celsius bankruptcy claims

[Jul 14, 2023 10:01 AM] Claims can be converted into collateral to trade crypto futures on the exchange.

Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'

[Jul 3, 2023 2:31 PM] The founders of the hedge fund that filed for bankruptcy last year have started an exchange for creditor claims, which is seeing $50 million in trading volume, said Davies.

Three Arrows Capital Liquidators Seek $1.3B From Bankrupt Hedge Fund's Founders: Bloomberg

[Jun 27, 2023 9:31 AM] The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say.

3AC-Linked FLEX, OX Tokens Surge Despite Lack of New Holders

[Jun 27, 2023 5:38 AM] Less than 2,000 wallets hold OX tokens, a level that’s far below the average holders of tokens with similar market capitalizations.

Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto Community

[Jun 21, 2023 1:02 PM] 3AC co-founder Kyle Davies told CoinDesk that the new entity aims to provide support for projects that are building for a decentralized future, but skeptics have recalled the original firm’s tainted past.

Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance

[Jun 18, 2023 2:30 PM] In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate…