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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
FTX Seeks to Claw Back $700M in Lawsuit Over Alleged Funds Misappropriation and Influence-Building Scheme
24.6.2023
According to a lawsuit filed this week with the U.S. Bankruptcy Court for the District of Delaware, FTX lawyers are seeking to claw back $700 million from K5 Global Technology, its subsidiaries, and the firm’s founders. The attorneys allege that the defendants received funds without...
Winklevoss Twins Rail Against US SEC’s Anti-Crypto Stance: ‘It Does Not Feel Like America, It Feels Like Venezuela’
24.6.2023
The Winklevoss twins, founders of Gemini, a U.S.-based cryptocurrency exchange, have criticized the U.S. Securities and Exchange Commission (SEC) for its perceived anti-crypto stance and recent enforcement actions. In a recent interview, the Winklevoss twins commented that the regulatory...
Smosh Co-Founders Buy Back Popular Video Game Let's Play Channel 12 Years Later
21.6.2023
Ian Hecox and Anthony Padilla, the co-founders behind the formative YouTube let’s play and sketch comedy channel, Smosh, broke the internet with the surprising announcement that they bought their old channel back from fellow comedic YouTubers Rhett & Link.Read more
Three Arrows Capital founders launch new VC fund
21.6.2023
"3AC Ventures is focused on superior risk-adjusted returns without leverage," the firm wrote
Proof of Talk 2023: Restoring Trust in the Web3 Industry
20.6.2023
PRESS RELEASE. Paris, June 19th 2023 – Over 1,500+ attendees, VCs, founders, start-ups, industry leaders, students, developers coming from Asia, Europe and the US gathered in Paris for the Proof of Talk Summit. In a rapidly evolving and challenging crypto landscape, they discussed the pressing...
Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
18.6.2023
In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against...
DeFi Protocol Maverick Raises $9M Led by Peter Thiel's Founders Fund
12.6.2023
The round was led by Founders Fund and included contributions from Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto
Founders of Collapsed Crypto Fund, Three Arrows Capital, Turn to Bali and Shrooms
11.6.2023
The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company's failure last year.
Kyle Davies and Su Zhu, both 36, almost disappeared from public view following the collapse of their fund. However, a new New York Times...
$1.1 Million Sent to NotLarvaLabs Founder's Wallet for 'Nothing' in Return – What's Going On?
1.6.2023
Donations and crowdfunding efforts are a major area of activity within the cryptosphere. But what happens when you launch a spoof campaign and ask supporters to send you crypto, promising them nothing in return? You receive as much as $1.1 million worth of Ethereum (ETH) in only 24 hours...
FTX Executives Sue Co-Founders Amidst Failed FTX Stocks Project
18.5.2023
Court documents filed on May 17, 2023, reveal that current executives overseeing FTX and its subsidiary, Alameda Research, have initiated a lawsuit against Sam Bankman-Fried, the former CEO of FTX, Nishad Singh, FTX’s former director of engineering, and Zixiao “Gary” Wang...
Billionaire Justin Sun Accuses Huobi Founder's Brother of Illegally Profiting from Tokens – What's Going On?
17.5.2023
Precocious billionaire tech and crypto entrepreneur Justin Sun just accused the brother founder of the world’s 13th largest cryptocurrency exchange by trading volumes Huobi of having illegally profited from HT token sales.
HT is the native utility token of the Huobi exchange and its holders...
Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round of Accusations at Huobi Founder’s Brother, Digital Yuan Enters Vietnam Border Region
16.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: BlockFi to Liquidate Platform as Selling It Wouldn’t Generate Enough Value, Justin Sun Fires a Round...
Joe Lubin: The truth about ETH founders split and ‘Crypto Google’
4.5.2023
Joe Lubin explains what really happened in 2014 when two co-founders were pushed out and how Ethereum really is becoming the “World Computer.”
Three Arrows Capital Founders Face Dubai Regulator's Scrutiny Over New Unregulated Exchange OPNX
3.5.2023
Dubai regulators are scrutinizing the co-founders of now-defunct crypto hedge fund Three Arrows Capital over their new unregulated digital asset exchange, OPNX.
On April 18, Su Zhu and Kyle Davies received a written reprimand from Dubai's Virtual Assets Regulatory Authority (VARA) for promoting...
Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois' Biometric Information Privacy Act, 3AC-founders’ OPNX Reprimanded by Dubai Regulator
2.5.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois'...
3AC founders run into fresh trouble in Dubai over new exchange OPNX
2.5.2023
Dubai digital asset regulator claimed that it had sent two cease and desist notices to the exchange in February and an investor alert against it in April
3AC Founders’ OPNX Exchange Formally Reprimanded by Dubai Crypto Regulator
2.5.2023
The action by the Virtual Assets Regulation Authority targeting Kyle Davies, Su Zhu and others follows two cease-and-desist letters for operating an unregulated exchange