Three Arrows Capital

One of the biggest and most renowned auction houses in the world, Sotheby's, has announced intentions to auction off a number of high-profile non-fungible tokens (NFTs) that had belonged to the long-gone cryptocurrency hedge fund Three Arrows Capital (3AC). The Grails collection will serve as...

Dubai's Virtual Assets Regulatory Authority (VARA) has issued a formal warning to the co-founders of the defunct crypto hedge fund Three Arrows Capital for launching and promoting their new digital asset exchange, OPNX, without obtaining the necessary license. The warning was addressed to the...

Open Exchange (OPNX), a crypto-focused exchange that offers to trade claims of bankrupt cryptocurrency companies, has officially launched, according to a tweet by CEO Leslie Lamb. OPNX provides a platform for trading claims related to crypto exchange bankruptcies, with a claimed market value of $20...

The token of liquidity protocol Rook (CRYPTO: ROOK), has surged by 23% due to speculation that Zhu Su and Kyle Davies, founders of Three Arrows Capital, have completed a $25 million fundraising effort for their bankruptcy claims exchange. Decentralized finance (DeFi) researcher Ignas fueled...

Connecticut-based cryptocurrency giant Digital Currency Group (DCG) reported on Monday a loss of $1.1 billion in 2022 due to a decline in cryptocurrency prices and the restructuring of Genesis, its lending platform. What Happened: According to the company's fourth-quarter investor...

The liquidators of Three Arrows Capital, a now-defunct hedge fund, have announced plans to sell some of the firm's nonfungible tokens (NFTs) as part of recovery efforts. In a notice published on Wednesday, Teneo Senior Managing Director Christopher Farmer stated "the purpose...

Founders of the beleaguered crypto lending and borrowing firm Three Arrows Capital (3AC) Su Zhu and Kyle Davies announced on Thursday the launch of  the "world's first public marketplace for crypto claims trading and derivatives.” The 3AC founders partnered with...

BlockFi, the bankrupt cryptocurrency lending firm, has inadvertently revealed financials indicating $1.2 billion in assets tied up with the embattled FTX and Alameda Research. What Happened: According to a report from CNBC, filings that had previously been redacted but were mistakenly uploaded on...

Just days after blasting former boss Sam Bankman-Fried on Twitter, former FTX US president Brett Harrison raised $5 million in funding for his new startup, Architect. The company, which aims to make centralized and decentralized crypto markets more user-friendly, is backed by hedge fund manager...

Beleaguered crypto lender Genesis Global Capital, the cryptocurrency lending unit of Digital Currency Group (DCG), could file for bankruptcy as soon as this week, according to Bloomberg. What Happened: Genesis fell into a liquidity crunch, and halted redemptions shortly after revealing on Nov. 10...

Days after being released on a $250 million bond, Sam Bankman-Fried — founder of beleaguered cryptocurrency exchange FTX — turned to social media to deny allegations of misappropriating user funds. He also slammed Binance CEO Changpeng Zhao for allegedly running a months-long...

Institutional investor Digital Currency Group has revealed it owes Genesis, a digital currency lending firm, $447.5 million and an additional $78 million in Bitcoin (CRYPTO: BTC). These debts are set to mature in May of this year and come in addition to an outstanding promissory note. DCG...

Federal prosecutors in New York, along with the U.S. Securities and Exchange Commission, are investigating Digital Currency Group (DCG) for possible wrongdoing involving internal transfers at its lending subsidiary, Genesis. DCG has reportedly received requests for documents and interviews by...

Talk about an angry tweet. The United States Bankruptcy Court in the Southern District of New York slapped the founders of Three Arrows Capital, a failed crypto hedge fund, with a subpoena on the social media platform Twitter. Liquidators served the subpoena to Three Arrows founders Kyle Davies and...

Cryptocurrency exchange Kraken on Wednesday announced that it will stop offering trading services through its subsidiary, Payward Asia, in Japan on January 31, 2023, and deregister from the Financial Services Agency of the Asian nation. This marks Kraken's second exit from the...