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Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty
24.7.2022
In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the...
DeFiance Capital Has Been 'Materially Affected' by Three Arrows Liquidation
15.7.2022
Cryptocurrency fund DeFiance Capital was "materially affected" by the liquidation of rival fund Three Arrows Capital, according to a statement
Court Grants Three Arrows Creditors Emergency Hearing as Founders Accused of Not Cooperating With Liquidation Proceeding
11.7.2022
Three Arrows Capital’s Su Zhu and Kyle Davies are said not to be cooperating as fears mount that the fund’s remaining assets could be “transferred or otherwise disposed of” before creditors get their share
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
9.7.2022
On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius...
Troubled Crypto Hedge Fund 3AC Reprimanded by Singapore’s Monetary Authority, Liquidators Eye Su Zhu’s Properties
1.7.2022
On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that...
Blockchain.com, Deribit Among Creditors That Pushed for 3AC Liquidation: Report
1.7.2022
Crypto exchanges Blockchain.com and Deribit were among the creditors to have pushed for the liquidation of troubled hedge fund Three Arrows Capital (3AC), Bloomberg reported Friday
FTX on the verge of purchasing BlockFi in $25M fire sale: Report
30.6.2022
The cryptocurrency derivatives exchange could potentially buy out the troubled lender for pennies on the dollar
Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital
29.6.2022
According to a recent report from Sky News citing a source familiar with the matter, “cryptocurrency insiders” have said that the troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Virgin Islands (BVI) court. The report does not disclose...
First Mover Americas: BTC Dips as 3AC Liquidation is Ordered by BVI Court
29.6.2022
The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 29, 2022
Crypto Market Struggles as Bitcoin Tests USD 20K, Analysts Warn of Further Downside, 3AC Liquidation Reportedly Ordered
29.6.2022
The crypto market saw losses across the board on Wednesday as bitcoin (BTC) once again dipped below the USD 20,000 mark, and some analysts pointed to a risk of further downside.
On Wednesday at 10:30 UTC, BTC stood at USD 20,123, down by 4% for the past 24 hours and by 3% for the past week. At...
Three Arrows Capital Liquidation Ordered in British Virgin Isles: Report
29.6.2022
The liquidation of crypto hedge fund Three Arrows Capital (3AC) has been ordered in a court in the British Virgin Islands, according to a report by Sky News
Bitcoin’s short-term price prospects slightly improved, but most traders are far from optimistic
27.6.2022
Bitcoin’s derivatives metrics reflect slight improvements since the $17,600 low, but whales and market makers continue to price higher risk of another breakdown
Solana whale moves $25M of USDC debt from Solend to Mango Markets
22.6.2022
The move reduces the utilization of USDC within the Solend platform and allows users to withdraw their assets once more
Solend’s Whale Liquidation Crisis Prompts Second Vote to Reverse ‘Emergency Powers’
20.6.2022
The Solana-based borrowing and lending service is going back to the ballot box
Solana DeFi Platform Votes to Control Whale Account in Bid to Avoid Liquidation 'Chaos'
19.6.2022
Solend users voted to "grant emergency power to Solend Labs to temporarily take over the whale's account."
Microstrategy Debunks Margin Call Rumor — Says Bitcoin Liquidation Unnecessary Even if BTC Falls Below $3,562
16.6.2022
The CEO of the Nasdaq-listed software company Microstrategy has debunked the rumor that his company is facing a margin call for a bitcoin-backed loan and will be forced to sell some coins. If the price of the cryptocurrency “falls below $3,562 the company could post some other...
Large Bitcoin liquidations mean one man’s pain is another man’s pleasure — Time to buy the dip?
15.6.2022
Pro traders were forced to cut their losses after margin and futures markets became over-leveraged, creating a potential entry point for bullish buyers
Report: Three Arrows Capital Liquidated for Millions, Sources Say Crypto Hedge Fund May Face Insolvency
15.6.2022
According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources say that the 3AC “liquidation totaled at least $400...
Su Zhu’s cryptic statement as rumors swirl of 3AC liquidations and insolvency
15.6.2022
“We are in the process of communicating with relevant parties and fully committed to working this out” Su Zhu stated
Celsius Tops Up More Collateral to Avoid Loan Liquidation, Faces ETH Squeeze
14.6.2022
The troubled crypto lending and borrowing company Celsius (CEL), which on Monday halted withdrawals due to “extreme market conditions,” is adding more collateral for a loan on the MakerDAO (MKR) decentralized finance (DeFi) protocol to avoid liquidation. At the same time, the company is facing...