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Singapore Court to Adjudicate DeFiance Capital's $140 Million Dispute with 3AC Liquidators
16.8.2023
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...
Three Arrows Capital Founders Face $1.3 Billion Claim from Liquidators
28.6.2023
The founders of the now-bankrupt crypto hedge fund Three Arrows Capital, also known as 3AC, are facing a $1.3 billion recovery claim from the fund’s liquidators.
The liquidators, who are also partners at the consulting and advisory firm Teneo, have accused the firm’s co-founders Su Zhu and Kyle...
3AC liquidators look to recoup $1.3B from founders
27.6.2023
The report came exactly one year since a court in the British Virgin Islands ordered Three Arrows Capital into liquidation
Three Arrows Capital Liquidators Seek $1.3B From Bankrupt Hedge Fund's Founders: Bloomberg
27.6.2023
The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say
Three Arrows Capital Liquidators Request Contempt Sanctions for Co-Founder Kyle Davies – What's Going On?
16.6.2023
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...
3AC liquidators file motion to hold Kyle Davies in contempt
15.6.2023
Civil sanctions against 3AC's co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until compliance with a subpoena
Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide
19.4.2023
In a court case linked to the now-defunct crypto exchange Gatecoin, a Hong Kong judge has ruled that cryptocurrencies are “property” which is “capable of being held on trust.” According to the law firm Hogan Lovells, this case should provide greater clarity to insolvency...
FTX Demands Protection of Assets from Liquidators of Bahamas Unit – What's Going On?
21.3.2023
Defunct crypto exchange FTX has asked a US bankruptcy judge to protect its property from the liquidators in charge of winding down its Bahamas unit.
In a lawsuit filed against the liquidators overseeing the wind-down of its Bahamian affiliate FTX Digital Markets, FTX claimed that they are wrongly...
Mirror Trading International Liquidators Spent More Than $6 million on Lawyers and Investigators
27.2.2023
Liquidators of the now defunct bitcoin trading platform, Mirror Trading International have so far used approximately $4.2 million on expenses such as lawyers’ or consultants’ fees. Between Jan. 23, 2023, and the date of their appointment, liquidators claimed to have recovered...
Seized NFTs Worth Millions of Dollars To Be Sold by Three Arrows Capital Liquidators – Here's The Latest
24.2.2023
Liquidators of the now-defunct crypto fund Three Arrows Capital plan to sell some of 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 will put the bankrupt firm’s NFTs...
3AC Liquidators to Sell Multi-Million Dollar Portfolio of Seized NFTs
24.2.2023
Teneo, the liquidator for the bankrupt crypto hedge fund, has listed out hundreds of NFTs that are subject to a forthcoming sale
3AC liquidators to sell firm's NFTs to realize value amid bankruptcy
23.2.2023
The announcement said that the sales will be commencing 28 days after Feb. 22, when the notice went out
FTX’s Bahamas Unit Commingled Client, Corporate Funds, Liquidators Say
16.2.2023
FTX Digital Markets Ltd. had bank accounts with a balance of $219 million, a report by PriceWaterhouseCoopers said
FTX liquidators report exchange held $2.4M 'fleet of vehicles' in the Bahamas
10.2.2023
The liquidators said they would “commence disposals” of certain FTX Digital physical assets following approval from the Bahamas’ supreme court
Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy
10.2.2023
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...
3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery
8.2.2023
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...
FTX lawyers: Examiner could cost $100M and ‘provide no benefit’
26.1.2023
FTX lawyers, joint provisional liquidators of FTX.US and the Bahamas and a committee of creditors have all opposed the appointment of an independent examiner
Alameda wallet under liquidator control incurred $11.5M in losses: Arkham
17.1.2023
According to crypto analytics firm Arkham, at least $4 million of these losses were "preventable losses."
Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny
16.1.2023
According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over...
Alameda Research liquidators lost $72,000 during a fund consolidation attempt
13.1.2023
The loss occurred while Alameda Research liquidators were attempting to close a borrow position on Aave, but instead, removed the extra collateral used for the position