On Wednesday, Sotheby’s, one of the world’s largest brokers of fine and decorative art, announced its plans to auction a number of non-fungible token (NFT) assets that were previously owned by the now-defunct crypto hedge fund Three Arrows Capital (3AC). The auction, called the “Grails” NFT collection, will take place during Marquee Sale Week at…
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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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DeFiance Capital has reportedly raised $100 million for its liquid token fund. The Block reported that the crypto investment firm completed the first close of the new fund, citing “two sources with direct knowledge of the matter”. The company confirmed the news by retweeting the news story on its official Twitter account, as did its…
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Su Zhu and Kyle Davies, the two founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC), have completed a funding round for their new OPNX exchange and will acquire the remaining assets of the troubled exchange CoinFLEX. The news that fundraising for the new exchange has been completed was shared in a Twitter…
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Liquidators of the now-defunct crypto fund Three Arrows Capital plan to sell off the firm’s NFTs as part of recovery efforts. In a notice published Wednesday, Teneo, the New York-based liquidation firm tasked with overseeing 3AC’s liquidation, said they would put the bankrupt firm’s NFTs on sale after March 23 in a bid to recoup a portion…
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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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Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or…
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According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators…
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On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately $445.8 million from Voyager and HTC. Legal Battle Erupts Over Crypto Asset…
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