Three Arrows Capital

In a recent conference held in Singapore, Vitalik Buterin, co-founder of the Ethereum (CRYPTO: ETH) blockchain, expressed his positive outlook on the future of cryptocurrencies, despite recent industry challenges. What Happened: Buterin highlighted the importance of the “baptisms of fire...

Liquidators for the defunct cryptocurrency hedge fund Three Arrows Capital are pursuing a claim of at least $1.3 billion against TerraForm Labs Pte., the bankrupt digital assets company co-founded by Do Kwon. The claim arises from significant losses Three Arrows suffered following the 2022...

Announcing its progress in recovering funds from various sources, bankrupt firm Voyager Digital on Wednesday announced it has secured a combined $484.35 million from FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance settlements. In a detailed status update regarding...

Genesis Global Holdco, currently undergoing bankruptcy, has settled a lawsuit filed by the Securities and Exchange Commission (SEC) over a contentious lending program. As part of the agreement, Genesis, a subsidiary of Digital Currency Group, will pay $21 million to the SEC, as revealed in a recent...

Su Zhu, the co-founder of the collapsed hedge fund Three Arrows Capital (3AC), said he had the "best sleep" of his life while he was in prison. What Happened: The Singapore Courts sentenced Zhu to a four-month jail term in September, as reported by 3AC’s joint liquidator, Teneo. 3AC co-...

A panel at the World Economic Forum (WEF) meeting in Davos, Switzerland titled "Clear-Eyed About Crypto" agreed the cryptocurrency industry needs further regulatory clarity. The panel also struck an optimistic tone but rejected the appeal of meme coins like Dogecoin (CRYPTO: DOGE). When...

A court in the British Virgin Islands has ordered the freezing of approximately $1 billion in assets belonging to the founders of cryptocurrency hedge fund Three Arrows Capital as per the liquidator's report. The court's directive restricts Su Zhu, Kyle Davies, and Davies’...

Genesis won a bid to block its parent company, the Barry Silbert-led Digital Currency Group (DCG), from selling or reducing ownership in the company. What Happened: Until Genesis closes its Chapter 11 proceedings, it can receive certain tax benefits which will be applicable only if the company...

Currently facing court questioning, Three Arrows Capital co-founder Su Zhu will likely be released from jail soon on good behavioral grounds. What Happened: A Singapore court questioned Zhu for the first time regarding the collapse of the crypto fund. The questioning said to be in private was about...

Crypto lender Genesis announced its agreement to pay $33 million to Three Arrows Capital (3AC) to settle the hedge fund's $1 billion in claims. This news comes on the heels of Benzinga’s Future Of Digital Assets Event in New York scheduled on Nov.14. Attend and learn more about...

Su Zhu, one of the founding members of the now-defunct crypto hedge fund, Three Arrows Capital (3AC), was detained at Changi Airport as he tried to depart from Singapore on Friday. In an update, the joint liquidator for 3AC, Teneo, told The Business Times via email that the Singapore...

Singapore's Monetary Authority (MAS) has imposed a stringent nine-year prohibition order on the founders of Three Arrows Capital, Zhu Su and Kyle Livingston Davies. This decision comes after the duo was found in violation of the Securities and Futures Act 2001 (SFA) and the Securities and...

Nasdaq Inc (NASDAQ: NDAQ) decided to abandon its plans to offer a cryptocurrency custody service due to business and regulatory challenges, according to CEO Adena Friedman. Friedman made the announcement during an earnings call on Wednesday, The Block reported. "This quarter, considering...

Cryptocurrency exchange Gemini has initiated legal proceedings against Digital Currency Group (DCG) and its CEO, Barry Silbert, accusing them of misleading creditors. Gemini, in a court document submitted on July 7 in New York, accused DCG and Silbert of partaking in a plot that involved loaning...

Liquidators from Three Arrows Capital are intensifying their efforts to recoup approximately $1.3 billion from the company’s co-founders, Su Zhu and Kyle Davies. This figure represents the losses allegedly incurred by the duo in the lead-up to the firm's downfall, as per an anonymous...