OPNX has declared it will cease all activities next month. This decision comes as co-founders Su Zhu and Kyle Davies grapple with legal repercussions stemming from their previous venture’s failure, Three Arrows Capital. OPNX to Shut Down Amid Three Arrows Co-Founders’ Legal Troubles Open Exchange (OPNX), a platform unique for trading bankruptcy claims alongside its…
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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 has been converted into a natural pond. Report Spotlights an Urban Farm Flourishing Amid 3AC’s Financial Ruins…
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Su Zhu the founder of bankrupt crypto hedge fund, Three Arrows Capital has been arrested in Singapore while embarking on an attempt to flee according to reports. According to a disclosure made by Teneo, the fund’s liquidator, Zhu was detained at the Changi airport on Friday after a committal order was issued on him and…
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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 bankruptcy proceedings, Teneo revealed. Crackdown at Changi Airport: 3AC’s Su Zhu Detained, Associate Kyle Davies Fugitive Teneo,…
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Singapore’s central bank, the Monetary Authority of Singapore (MAS), has barred the founders of Three Arrows Capital, Zhu Su and Kyle Livingston Davies from participating in financial markets within the city-state for a period of nine years. Three Arrows Capital was among the first top cryptocurrency firms to succumb to insolvency after the dramatic crash…
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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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The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company’s failure last year. Kyle Davies and Su Zhu, both 36, almost disappeared from public view following the collapse of their fund. However, a new New York Times report sheds light on what they have been doing…
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Dubai regulators are scrutinizing the co-founders of now-defunct crypto hedge fund Three Arrows Capital over their new unregulated digital asset exchange, OPNX. On April 18, Su Zhu and Kyle Davies received a written reprimand from Dubai’s Virtual Assets Regulatory Authority (VARA) for promoting OPNX without the necessary local license, Bloomberg reported, citing a statement from the…
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The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena. Kyle Davies, co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has been ordered to answer the subpoena issued to him in Januaryor risk being held in contempt of court.…
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Su Zhu and Kyle Davies, the two founders of now-bankrupt crypto hedge fund Three Arrows Capital, have launched a new platform for trading in crypto-related bankruptcy claims. Writing on Twitter on Thursday, former Three Arrows Capital (3AC) CEO Su Zhu announced that the new trading platform, named Open Exchange, has already opened its waitlist for…
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