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Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the ‘Whole Situation Is Regrettable’
22.7.2022
This week the two co-founders of the embattled cryptocurrency hedge fund Three Arrows Capital spoke to Bloomberg about their fund crumbling at the seams. The co-founders Su Zhu and Kyle Davies did not disclose their whereabouts, but a lawyer who monitored the interview noted the duo is located...
3 Reasons Why 3 Arrows Capital Failed, Per Its Founders
22.7.2022
There were at least three major factors that lead to the collapse of the fund, according to the founders of Three Arrows Capital (3AC) Su Zhu and Kyle Davies.
After five weeks in hiding, stating that they’ve gotten death threats, the founders spoke to Bloomberg, which described the duo as...
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
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...
Three Arrows Founders 'Received Threats of Physical Violence' - Su Zhu Breaks Silence
12.7.2022
Founders of troubled major crypto hedge fund Three Arrows Capital (3AC) and their families "have received threats of physical violence," according to seemingly a screenshot of an email, shared by Su Zhu, the co-founder of the fund, today.
He tweeted for the first time since June 15, sharing what...
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...
Report: Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy
2.7.2022
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapter 15 proceeding so liquidators and creditors cannot seize the firm’s U.S. assets. 3AC Files...
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...
Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse
22.6.2022
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation...
Report: Bitmex, Deribit Liquidate 3AC’s Positions — Negativity Continues to Plague the Crypto Hedge Fund
17.6.2022
Two days ago, Bitcoin.com News reported on the crypto hedge fund Three Arrows Capital (3AC) after reports claimed that the company was allegedly struggling with financial hardship and possible insolvency. Now the crypto firm Finblox is feeling the effects of 3AC’s troubles, and a few digital...
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
The Ways Shanghai's Food Crisis Is Impacting Chinese Game Devs
15.4.2022
For the past few days, Genshin Impact players have been speculating about how extended lockdowns and food crises in Shanghai have been affecting the game’s development. The promised teapot event was never released, and the Serenitea housing system has been in extended maintenance mode since...
Three Arrows buys 156K ETH in the weeks after CEO 'abandoned ETH'
8.12.2021
Only a few weeks ago, CEO Zhu Su was blasting ETH on Twitter for high gas fees and accessibility issues. Now, his company is buying the dip
Ethereum vs. Avax Social Media Battles Rage as L1 Fees Keep Rising
23.11.2021
The Ethereum scaling wars are raging on social media due to the problems that this chain is facing, with fees on layer one (L1) at very high levels. Zhu Su, CEO of Three Arrows Capital, a notable crypto VC company, announced he withdrew his support from the project, criticizing the state in which...
China's New Gaming Restrictions Have Already Been Circumvented
7.9.2021
New regulations aimed at players under 18 went into effect in China starting September 1. These restrictions limit young players to one hour of gaming from Friday to Sunday and include public holidays. Inevitable workarounds have already appeared. Read more
Please, Free Me From The Bad Takes About China’s Gaming Restrictions
1.9.2021
Whenever any kind of news about China hits the internet, I brace myself for oversimplifications by English-language writers and commentators. But in a country with roughly 720 million gamers (roughly twice the U.S. population), the context behind the recent gaming restrictions placed on Chinese...
Three Arrows Capital execs launch NFT fund
31.8.2021
The new fund, Starry Night Capital, plans to exclusively invest in “the most desired” NFTs on the market
Three Arrows Capital CEO Su Zhu outlines his bullish thesis for Dogecoin
26.8.2021
Three Arrows Capital CEO Su Zhu is bullish on Dogecoin because it's easy to understand and captures the attention of “blue-collar traders.”
Onchain Data Shows $449M Worth of Bitcoin on ETH Eclipses Offchain Competitors
17.8.2020
Onchain analytics show the number of bitcoin (BTC) held on the Ethereum blockchain has been multiplying at an extremely fast rate since the end of May. On Sunday, August 16 there’s approximately 38,021 BTC on Ethereum or roughly $449 million stored in synthetic bitcoin protocols like Wbtc...