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. Three Arrows Capital (3AC) co-founder Kyle Davies has reportedly been seen in Bali as he continues to evade authorities over the collapse of the defunct hedge…
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BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests. Crypto lending platform BlockFi has emerged from bankruptcy and is ready to pay back some of its creditors, according to an October 24 blog post. Withdrawals “are currently available to nearly all Wallet customers,” the post stated, adding that Blockfi…
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A US bankruptcy judge, in order to resolve the legal battle over a significant $284 million claim by bankrupt crypto hedge fund Three Arrows Capital (3AC) against crypto lender BlockFi, has ordered them to enter mediation…. Read More: Federal Judge Orders Mediation for BlockFi and Three Arrows Capital Dispute Over $284 Million Payments Read more…
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Crypto exchange WOO has successfully recouped shares and tokens acquired by the failed hedge fund Three Arrows Capital (3AC), the exchange confirmed on Oct. 6. 3AC was apparently the largest investor in WOO’s Series A funding round raised back in November 2021. WOO has also agreed to cancel the shares of the now-defunct hedge fund,…
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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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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 Takeover Faces Resistance from Hodlnaut’s Judicial Management On September 19, 2023, Bloomberg’s Suvashree Ghosh reported on…
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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 investigation that reportedly uncovered multiple violations of securities laws by the now-defunct crypto hedge fund and its directors.…
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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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