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Over 300 NFTs From Three Arrows Capital’s NFT Fund Moved by Liquidator to New Wallet
6.10.2022
Hundreds of non-fungible tokens (NFTs) collected by Starry Night Capital have been transferred to a new wallet. The NFT fund of the insolvent crypto hedge fund Three Arrows Capital (3AC) bought the tokens in 2021. 3AC filed for bankruptcy earlier this year, after taking a hit from the collapse...
Three Arrows Capital fund moves over 300 NFTs to a new address
5.10.2022
According to blockchain provider Nansen, hundreds of NFTs have been moved from the 3AC-linked fund to a Gnosis Safe address
FTX US wins auction for Voyager Digital’s assets
27.9.2022
Voyager hints that its customers will eventually transition to the FTX platform after it finishes its chapter 11 bankruptcy proceedings
Tired of losing money? Here are 2 reasons why retail investors always lose
17.9.2022
A majority of “traders” end up being losers with empty portfolios. Here is exactly why
Report: Celsius CEO Accused of Controlling Crypto Company’s Trading Scheme and Placing Bad Bets
17.8.2022
According to a recent report published on Tuesday, the Israeli-American founder and CEO of Celsius Network, Alex Mashinsky, was in charge of the company’s trading strategy. The report, citing multiple people familiar with the matter, said Mashinsky sold millions of dollars’ worth...
Since 2014, Roughly 42% of Failed Crypto Exchanges Have Disappeared Without a Trace for No Apparent Reason
25.7.2022
Just recently, coinjournal.net published a report that shows the number of cryptocurrency exchanges that have failed during the last eight years. Interestingly, the researcher’s data shows that 42% of failed crypto asset trading platforms disappeared without a trace, giving users...
Q2 2022 Cryptocurrency Report Highlights Terra’s Collapse and Capital Exiting the Crypto Ecosystem
23.7.2022
On July 13, the dedicated crypto price tracking, volume, and market capitalization web portal Coingecko published the company’s “Q2 2022 Cryptocurrency Report” which discusses the last quarter’s crypto market action and insights. The 46-page report explains how the Terra...
Coinbase Confirms ‘No Financing Exposure’ to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital
22.7.2022
Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable and actually credit-specific, not crypto-specific...
Report: Blockchain.com Cuts Staff by 25%, Executive Salaries Reduced
21.7.2022
According to a recent report, Blockchain.com has laid off a quarter of the company’s staff and it has closed the crypto company’s Argentina-based offices as well. The layoffs follow the report that noted Blockchain.com lost $270 million due to exposure to Three Arrows Capital (3AC)....
3AC allegedly liable for $2.8B in creditor claims
19.7.2022
The amount is likely understated as many of 3AC's borrowing details remain confidential
Singapore's financial watchdog pushes back against Terra and 3AC associations
19.7.2022
According to the MAS managing director, TerraForm Labs, Luna Foundation Guard and Vauld were “not licensed or regulated" by Singapore's financial watchdog
Report: Equitiesfirst Named as Mystery Debtor to Celsius, $439 Million Owed to Crypto Lender
17.7.2022
Ever since Celsius paused withdrawals on June 12, the company has been the focus of attention due to the lender’s financial hardships. A month later, Celsius filed for bankruptcy in the U.S. by leveraging the Chapter 11 process. Two days after the bankruptcy filing, a report disclosed that...
Celsius Files for Bankruptcy — Regulator Says the Crypto Lender Is ‘Deeply Insolvent’
14.7.2022
Another crypto lender, Celsius Network, has sought bankruptcy protection in the U.S. “Customer claims will be addressed through the Chapter 11 process,” the company said. Two other crypto firms recently filed for bankruptcy protection: Voyager Digital and Three Arrows Capital (3AC)....
Voyager token skyrockets as VGX pump scheme touted
14.7.2022
Unknown crypto venture firm MetaFormLabs has initiated a campaign to pump Voyager Token (VGX) as part of a proposed Voyager rescue package
US Bankruptcy Judge Freezes Crypto Hedge Fund Three Arrows Capital’s Assets
13.7.2022
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtor’s assets at this stage.” Bankruptcy Judge...
Liquidators can subpoena 3AC founders despite 'tricky issues' with crypto assets
13.7.2022
The counsel for liquidators said he didn’t know the current location of Zhu or Davies, alleging the duo have not provided "meaningful cooperation" with the liquidators
Investors lament potentially lost ‘millions’ on Voyager bankruptcy
10.7.2022
One user, referred to as Robert for anonymity purposes, stated he put roughly six figures on Voyager, representing 70% of his life savings, and feels lost on what to do moving forward
Report: Blockchain.com CEO Reveals Company Lost $270 Million From 3AC Exposure
8.7.2022
According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive...
Bitcoin traders expect a ‘generational bottom,’ but BTC derivatives data disagrees
7.7.2022
BTC bulls think the bottom is in, but a neutral-to-bearish price formation and the absence of a futures premium contradict their optimism
Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses
7.7.2022
Genesis Trading soldiers on after confirming 3AC exposure, while parent company Digital Currency Group assumes a portion of liability after losses