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Crypto Exchange Linked to 3AC Founders Drops Lawsuit Against Mike Dudas
30.10.2023
OPNX voluntarily dropped its defamation suit against the venture investor and crypto personality
Trading Slump Wiped $12 Billion From Binance Founder’s Fortune, Bloomberg Says
29.10.2023
Binance founder and CEO Changpeng Zhao (CZ) has reportedly lost nearly $12 billion from his wealth amid declining crypto trading volumes this year. According to Bloomberg’s estimates, the world’s largest trading platform for digital assets has seen a 38% decrease in revenues. Bloomberg Estimates...
Blockchain Forensics Firm CipherBlade Hit by Alleged Hostile Takeover Amid Founder's Absence
24.10.2023
The founder of the Pennsylvania blockchain forensics firm CipherBlade claims that a group of employees executed a "hostile takeover" in a lawsuit filed in Alaska.
The blockchain intelligence firm alleges that a group of its employees carried out a "hostile takeover" while the founder, Richard...
What’s Holding Crypto Back? It’s the Founders, Not Just Regulators
17.10.2023
An Urban Farmstead Emerges From 3AC Co-Founder’s Bankrupt-Shadowed Mansion
5.10.2023
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...
3AC Founder's Luxurious Villa Gets Repurposed to Urban Farm by Wife
5.10.2023
The luxurious Singapore home of Three Arrow Capital (3AC) founder Su Zhu has been repurposed from living quarters to an urban farm by his wife, Evelyn Tao, according to local reports.
Shared by The Business Times of Singapore, the villa on Yarwood Avenue is now called Yarwood Homestead.
The...
Portofino Founders File Motion to Dismiss Lawsuit by Citadel Securities, Claim it was Meant to "Intimidate Other Employees"
25.9.2023
Portofino Technologies, a Swiss-based start-up founded by Alex Casimo and Leonard Lancia, has filed a motion to dismiss a lawsuit brought against them by Citadel Securities.
The motion asserts that Citadel's legal action is an attempt to intimidate other employees and interfere with Portofino's...
Report: Hodlnaut’s Judicial Managers Oppose OPNX Takeover
19.9.2023
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...
The ‘Family Business’ — FTX Founder’s Parents Accused of Siphoning Millions From Bankrupt Exchange
19.9.2023
The parents of disgraced FTX founder Sam Bankman-Fried are being accused of misappropriating millions in customer funds from the now-bankrupt cryptocurrency exchange. The attorneys for Joseph Bankman and Barbara Fried firmly assert that the allegations are “completely false.”...
Singapore’s Monetary Authority Issues 9-Year Ban on Three Arrows Capital Founders
14.9.2023
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...
Peter Thiel-Backed Founders Fund Invests in Layer N's Ethereum Scaling Tech
14.9.2023
The new Ethereum scaling network Layer N has raised $5 million in a seed funding round led by PayPal co-founder Peter Thiel’s Founders Fund and investment collective dao5.
The funding round, announced by Layer N on Wednesday this week, also saw participation from several other notable crypto...
Onecoin Co-founder Karl Sebastian Greenwood Sentenced to 20 Years in Prison
14.9.2023
One of the founders of the crypto pyramid Onecoin, British and Swedish national Karl Greenwood, has been sentenced to 20 years in prison in the United States. Greenwood was the architect of the scam’s multi-level marketing structure and served as Onecoin’s global master distributor. Cryptoqueen...
Monetary Authority of Singapore Bans 3AC Founders From Engaging in Financial Markets
14.9.2023
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...
Singapore's central bank slugs Three Arrows founders with 9-year ban
14.9.2023
Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore
Three Arrows Founders Hit With 9-Year Trading Ban in Singapore
14.9.2023
MAS says the Order bans the Three Arrows Capital founders from managing, directing, or being a shareholder of any registered capital markets services firm in Singapore
NFT startup Rario loses founders after $120M funding last year: Report
8.9.2023
As part of the reported restructuring efforts at Rario, a number of roles are also being eliminated, according to the report
Gala Games founders biff over $130M theft, corporate waste allegations
4.9.2023
Gala co-founder Eric Schiermeyer allegedly enriched himself, says his founding peer Wright Thurston, while Schiermeyer says Thurston stole millions
Tornado Cash Founders Accused, Court Rules in Favor of Grayscale Against SEC, and More — Bitcoin.com News Week in Review
3.9.2023
The U.S. government has charged the founders of crypto mixing and privacy tool Tornado Cash with money laundering, calling them “criminals.” In other news, the U.S. Court of Appeals for the District of Columbia has ruled in favor of crypto asset manager Grayscale against the United...
WAGMI Games partners with Opensea ahead of Defense Founder’s Mint
31.8.2023
WAGMI Games recently announced a partnership with the biggest NFT marketplace, OpenSea. The partnership comes right ahead of WAGMI Defense Founder’s Mint. WAGMI Games released an official post to inform users about the collaboration. The post stated that the parties will work together to push...
Prosecutors Challenge FTX Founder’s Legal Advice Defense Ahead of Fraud Trial
30.8.2023
Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of trial. Bankman-Fried’s Legal Defense...