A judge in Singapore has decided that a $140 million legal dispute between bankrupt crypto hedge fund Three Arrows Capital’s (3AC) liquidators and investment firm DeFiance Capital will be heard in the city-state, against the will of the liquidators. The disagreement between the parties center around assets managed by DeFiance Capital, an independently run firm…
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In the bankruptcy case of Three Arrows Capital (3AC), a crypto hedge fund that ceased operations, a judge has rejected a request to hold co-founder Kyle Davies in contempt of Court and impose sanctions…. Read More: Legal Twist: Three Arrows Capital Co-Founder’s Citizenship Renunciation Disrupts Court’s Jurisdiction in Bankruptcy Case Read more »Sign up for…
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Claims can be converted into collateral to trade crypto futures on the exchange. OPNX, an exchange dedicated to the trading of bankruptcy claims against fallen crypto firms, has listed FTX and Celsius claims. According to the July 14 announcement, FTX claims specifically can be immediately onboarded and converted into collateral in the form of OPNX’s…
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FTX, Three Arrows Capital (3AC), and the Securities and Exchange Commission (SEC) have united against BlockFi’s bankruptcy plans, revealing a billion-dollar dispute that has brought them together. In a legal filing submitted by FTX on June 7, it has been argued that BlockFi’s proposed plans exploit bankruptcy regulations. … Read More: FTX, Three Arrows, and SEC…
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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 are now pursuing a daily fine of $10,000 against him for his non-compliance with the New York…
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Recent information disclosed by Sotheby’s auction house reveals that the digital collectibles owned by Three Arrows Capital (3AC) were sold for a total of $10.9 million in a New York auction held on June 15. In the aftermath of Luna and TerraUSD cryptocurrencies collapsing, 3AC was the first major crypto firm to file for bankruptcy…
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Amid the ongoing legal proceedings surrounding the collapse of Singaporean crypto hedge fund Three Arrows Capital (3AC), the co-founder Kyle Davies is facing potential contempt of court charges. This is due to his failure to respond to a subpoena requesting information related to the firm’s bankruptcy. … Read More: Three Arrows Capital Liquidators Request Contempt Sanctions…
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Customers will soon be able to load up the Voyager app and see how much will be available for withdrawal. Cryptocurrency brokerage Voyager Digital is preparing to reopen its app and allow customers to finally withdraw their funds — nearly one year after it filed for Chapter 11 bankruptcy. Voyager’s bankruptcy plan administrator Paul Hage…
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Bitcoin’s price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in. Bitcoin’s price declined 5% in one hour on June 5 after the United States Securities and Exchange Commission (SEC) filed a lawsuit against Binance on allegations…
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Epic Games is planning to list NFT games on its store, while the second 3AC NFT auction is slated to take place this month at Sotheby’s. The Pixel Penguin alleged ‘charity project rug’ Nonfungible token (NFT) project Pixel Penguin has caused a stir this week in what a blockchain investigator ZachXBT has alleged is a…
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