FTX's lawyers say 3AC's $1.5 billion claim relies on faulty arguments and that the defunct trading firm is in fact owed nothing from the bankruptcy estate.
A US bankruptcy court has ruled in favor of Three Arrows Capital (3AC), allowing the failed crypto hedge fund to increase its claim against the collapsed exchange FTX to $1.53 billion. This decision significantly raises the initial $120 million claim sought by 3AC’s liquidators. Legal battle According to the March 13 court filing, 3AC’s liquidators […]
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OX.FUN, a crypto derivatives exchange linked to the bankrupt Three Arrows Capital co-founders Su Zhu and Kyle Davies, is under fire following allegations of financial misconduct. The controversy erupted after the platform allegedly withheld $1 million from a user, JefeDAO, sparking concerns over its financial stability and operational transparency. This drama has negatively impacted the […]
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A report revealed that the spouse of one of the co-founders of the now-defunct Three Arrows Capital, or 3AC, sold one of their luxurious mansions in Singapore. Related Reading: Crypto Corruption Exposed: Thailand Police Gang Arrested For $165K Extortion Property Sale Despite Asset Freeze Reports disclosed that 3AC co-founder Zhu Su’s wife, Tao Yaqiong, successfully […]
Arkham data shows that a wallet belonging to failed hedge fund 3AC spent $59,000 on the Neon Village NFT from artist Seerlight.
Pellegrino asserted that 3AC was financially unstable when proposing the arrangement to LayerZero and criticized Davies for misleading and taking advantage of associates and partners.
Kyle Davies, the co-founder of the now-defunct Three Arrows Capital, has stated that he is not sorry for the company going bankrupt.
Flipping the narrative, the disgraced 3AC financier says he enjoyed life behind bars. “I had the best sleep of my life.”