British Virgin Isles Court Freezes $1 Billion Assets Belonging To Three Arrows Capital Founders

A British Virgin Islands court has ordered the freeze of assets belonging to Three Arrows Capital (3AC) founders, the crypto hedge fund’s assigned liquidator Teneo Restructuring has revealed. The global freezing court order prevents co-founders Su Zhu and Kyle Davies, as well as Davies’ wife, Kelly Chen, from moving or selling assets worth up to […]

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Aragon DAO votes to fund legal action against its founders

The DAO expressed dissatisfaction with the team’s recent move to dissolve its governing body and shut down its token without consulting the community.

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Bitwise Confusion: Asset Manager Clears Air Amid Namesake Startup’s SEC Scandal

Bitwise Asset Management, a prominent crypto index fund, has recently found itself needing to clarify that it has no ties to Bitwise Industries, a startup whose founders are now under charges by the United States Securities and Exchange Commission (SEC).

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Hobbled Crypto Exchange's Creditors Are Suing Its CEO and Want to Claw Back Money From 'Bitcoin Jesus'

CoinFLEX CEO Mark Lamb breached his fiduciary duty when he created a new company, OPNX, with the founders of failed crypto hedge fund Three Arrows Capital, creditors argue. They are also critical of a deal Lamb struck with early BTC evangelist Roger Ver.

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Hodlnaut Refuses OPNX’s $30 Million Offer After FLEX Token Declines By 90%

According to the latest report, the interim judicial managers of beleaguered crypto lender Hodlnaut have rejected the latest acquisition bid proposed by OPNX. The OPNX exchange, affiliated with the founders of collapsed hedge fund Three Arrows Capital (3AC), offered to buy a significant 75% ownership stake in troubled Hodlnaut in August 2023.

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Three Arrows Capital Founders Hit with Nine-Year Ban by Singapore's MAS

Zhu Su and Kyle Livingston Davies, co-founders of the once-prominent cryptocurrency hedge fund Three Arrows Capital (3AC), have been slapped with nine-year prohibition orders

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Singapore bans founders of bankrupt crypto hedge fund 3AC for 9 years

The crypto hedge fund went bankrupt in June 2022 in the wake of the Terra collapse. In February 2023, the 3AC founders defiantly launched a new crypto platform. Singapore has banned the founThe post Singapore bans founders of bankrupt crypto hedge fund 3AC for 9 years appeared first on AMBCrypto.

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Vessel Capital secures $55M to invest in Web3 infrastructure: Report

The venture firm has introduced its crypto fund for Web3 infrastructure and applications, promising a collaborative approach with startup founders.

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Kraken Ventures to raise $100M in second fund, with focus on ‘early stage founders’

The organization will also reserve a “significant portion” of the fund for follow-on investments and long-term entrepreneurial support.

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Only In Crypto: Bankrupt 3AC Founders Launch ‘Justice’ Token Targeted At Terra (LUNA) Whistleblower

The controversial founders of now-bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC), Zhu Su and Kyle Davies, have announced the launch of a new ‘Justice’ token, targeted specifically at the whistleblower who outed Terraform Labs.

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3AC founders to donate future earnings to creditors citing ‘good karma’

The co-founders of the collapsed crypto hedge fund, Three Arrows Capital (3AC), are committed to donating funds citing “good karma.” Some of their future earnings from their latest crypto venture will go to creditors who suffered losses during the fund’s…

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3AC Founders Pledge To Donate OPNX Future Earnings To Creditors

3AC co-founders, Kyle Davies and Su Zhu, once at the helm of a now-bankrupt hedge fund, have embarked on a new journey in the realm of cryptocurrencies with their recent launch of the crypto exchange OPNX.

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Three Arrows Founders to Donate Future Earnings to Creditors in Spirit of 'Karma'

The founders of the hedge fund that filed for bankruptcy last year have started an exchange for creditor claims, which is seeing $50 million in trading volume, said Davies.

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Liquidators demand $1.3m from Three Arrows Capital founders

The liquidators of the bankrupt ‘digital currency’ hedge fund Three Arrows Capital (3AC) seek $1.3 billion from its founders, Zhu Su and Kyle Davies. According to sources, the New York advisory firm Teneo, appointed as liquidators, alleges that the requested…

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Three Arrows Capital Liquidators Seek $1.3B From Bankrupt Hedge Fund's Founders: Bloomberg

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.

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OPNX Files Defamation Lawsuit Against Mike Dudas, Issues Justice Tokens

The bankruptcy claims exchange from Kyle Davies and Su Zhu – the founders of failed hedge fund Three Arrows Capital – has also issued Justice Tokens that offer exposure to defamation lawsuits.

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Maverick Protocol Announces $9m Funding Round, Backed By Binance And Coinbase

Maverick Protocol, a provider of Decentralized Finance (DeFi) infrastructure, has completed a funding round, raising $9 million. Founders Fund, an American venture capital firm, led the funding. It was also supported by other prominent Venture Capitalists (VCs) firms such as Binance Labs, Coinbase Venture, Pantera Capital, and Apollo Crypto. Maverick Protocol To Focus On Liquid […]

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Three Arrows Capital founders launch new VC fund

"3AC Ventures is focused on superior risk-adjusted returns without leverage," the firm wrote.

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Dubai authorities sent written reprimand to OPNX Exchange founders

Dubai’s Virtual Assets Regulatory Authority (VARA) issued a written reproof to the four founders of OPNX Exchange and its CEO Leslie Lamb on April 18, according to a formal notice. The four founders include Mark Lamb, Sudhu Arumugam, and founders of failed crypto hedge fund Three Arrows Capital, Su Zhu, and Kyle Davies.

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Pantera Alum Joey Krug Joins Peter Thiel’s Founders Fund

Krug has moved from co-CIO at a crypto-focused fund to building a crypto strategy at a generalist venture capital giant.

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Analysis: How social media killed Silicon Valley Bank

The following is a guest post by web3 strategist Toby Fan, and Aly Madhavji, Managing Partner at Blockchain Founders Fund. The post Analysis: How social media killed Silicon Valley Bank appeared first on CryptoSlate.

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A Three Arrows Capital Founder Talks About His New Crypto Bankruptcy Exchange

Less than a year after Three Arrows Capital imploded along with $2.5 billion of its clients' money, the hedge fund's founders Su Zhu and Kyle Davies are back on the scene with what appears, to their credit, to be an impressive bankruptcy exchange, but is it too soon?

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Ripple Partners With and Invests in Singaporean Fund to Accelerate Web3 Adoption

XRP adopter Ripple takes root in Singapore thanks to partnership with Blockchain Founders Fund

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Three Arrows Founders' Bankruptcy Exchange to Offer Claims as Portfolio Margin

Zhu Su and Kyle Davies, the founders of bankrupt hedge fund Three Arrows Capital, have completed a $25 million raise for a bankruptcy claims exchange dubbed The Open Exchange.

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Blockchain Founders Fund raises $75M to encourage Web3 mass adoption

The fundraising round included Polygon, Ripple, Octava, NEO Global Capital, Appworks, Sebastien Borget of The Sandbox, GSR, LD Capital, Metavest Capital and others.

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3AC co-founders launch marketplace to trade crypto claims

Founders of bankrupt crypto hedge fund Three Arrows Capital founders Zhu Su and Kyle Davies, in collaboration with CoinFLEX co-founders, have launched the “first public marketplace for crypto claims” Open Exchange.

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Silvergate Under DOJ Investigation for Alleged Money Laundering Through FTX

Silvergate Bank, the crypto lender that recently received a $200 million investment from Peter Thiel’s Founders Fund, is under investigation by the United States Department of Justice (DOJ) for its dealings with cryptocurrency exchanges FTX and Alameda Research The post Silvergate Under DOJ Investigation for Alleged Money Laundering Through FTX appeared first on BeInCrypto.

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Koinos announces $500K seed round led by Blockchain Founders Fund

Koinos is a free-to-use blockchain developed by a group that also helped create the Steem blockchain. The Koinos Group said the Blockchain Founders Fund led the seed round, with blockchain gaming platform Splinterlands participating.

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After FTX Comes GTX: Failed 3AC Founders Set To Float New Exchange

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Crypto community suspicious about new exchange, GTX

Crypto enthusiasts have conveyed doubts, and even contempt after the founders of failed 3AC hedge fund announced a project to build a new crypto exchange, GTX. 

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3AC liquidators subpoena founders on Twitter

The Three Arrows Capital liquidators have subpoenaed the founders of the collapsed Singapore-based hedge fund.

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Three Arrows Capital Founders Served Subpoenas Over Twitter

The founders of the embattled hedge fund have been subpoenaed over social media platform Twitter

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Three Arrow Capital's Zhu, Davies Subpoenaed in US Bankruptcy Case

The New York Bankruptcy Court wants to gain information about the collapsed crypto hedge fund’s founders and investment managers

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Three Arrows Founders’ Locations Unknown As Court ‘Manhunt’ Begins

Unconventional actions are being taken by the liquidators of the collapsed crypto hedge firm Three Arrows Capital to compel the fund’s founders into complying with the law’s due process. After a British Virgin Islands court apparently placed the company into liquidation at the end of June, the Singapore-based firm filed for Chapter 15 bankruptcy in a […]

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Three Arrows Founders Su Zhu and Kyle Davies Have Vanished, Like Terra LUNA CEO

Three Arrows drama: The liquidator appointed to wind down the affairs of bankrupt Singaporean hedge fund Three Arrows Capital has asked a judge to allow it to issue subpoenas. These will be sent via Twitter and email to the fund’s founders, who seem to have vanished into thin air.

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Blockchain Development Platform Tatum Raises $41.5M From Octopus, Circle, Others

Blockchain development platform Tatum has raised $41.5 million in funding from Octopus Ventures, Circle, Leadblock Fund and founders of crypto exchange Bitpanda, among others.

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Polygon invests in BFF to diversify company holdings

Singapore-based VC Blockchain Founders Fund (BFF), focused on blockchain and early-stage Web3 startups globally,… The post Polygon invests in BFF to diversify company holdings appeared first on CoinJournal.

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3AC Co-Founder Could Face Imprisonment

Su Zhu, one of the founders of failed hedge fund Three Arrows Capital, could be facing a jail sentence, according to his affidavit

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Polygon Founder Raises $50M for First VC Fund Built by Web3 Founders

Symbolic Capital has announced the launch of an oversubscribed $50M fund focused on identifying the world’s best web3 startups.

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LongHash Ventures создала фонд на $100 млн с фокусом на Web3

Базирующаяся в Сингапуре компания LongHash Ventures запустила фонд с активами на $100 млн, ориентированный на Web3. With both Fund II and the LongHashX Accelerator, we'll continue our mission to support and empower the next generation Web3 founders! 🎉🚀 https://t.

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Crypto Fund Variant Commits $450M to Backing Web3, DeFi Projects

A $150 million seed fund will focus on Web3 founders and a $300 million opportunities found will double-down on portfolio projects.

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After Weeks Of Hiding, 3AC Founders Break Silence, Blame LUNA For Hedge Fund Collapse

Three Arrows Capital has consistently been in the news for unpleasant reasons. The Singapore-based crypto hedge fund defaulted on its enormous loans to different crypto entities, resulting in...

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3AC Founders Finally Speak Out about Hedge Fund's Implosion

3AC's Kyle Davies and Su Zhu have finally broken their silence after their hedge fund filed for bankruptcy earlier this month

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Three Arrows Founders Break Silence Over What Caused Fund Collapse

The founders of bankrupt hedge fund Three Arrows Capital (3AC) have broken their silence after five weeks in hiding, calling the collapse of the fund "regrettable." The post Three Arrows Founders Break Silence Over What Caused Fund Collapse appeared first on BeInCrypto.

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Three Arrows Capital Founders Say Terra, GBTC Trades Led to Fund Blowup: Report

“What we failed to realize was that Luna was capable of falling to effectively zero,” Three Arrows Capital co-founder Su Zhu said.

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3AC founders reveal ties to Terra founder, blame overconfidence for collapse

Su Zhu revealed the 3AC team had close ties to Terra co-founder Do Kwon, which made them overlook several red flags with the project that eventually led to a multi-million dollar loss for the hedge fund.

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Three Arrows Capital Founders Break Their Silence, Look to Move to Dubai: Report

The founders of defunct fund Three Arrows Capital have broken their silence in an interview with Bloomberg.

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Three Arrows Capital Liquidators Secure Subpoena for Hedge Fund Founders

Liquidators of the Three Arrows Capital hedge fund have successfully petitioned a federal bankruptcy judge to subpoena the founders. The post Three Arrows Capital Liquidators Secure Subpoena for Hedge Fund Founders appeared first on BeInCrypto.

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Three Arrows Capital Founders Nowhere To Be Found, Liquidators Say

The founders of Three Arrows Capital are nowhere to be found, a filing by advisory firm Teneo, which is expected to liquidate the remaining assets of the embattled cryptocurrency hedge fund, disclosed.

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