The $1.53 billion 3AC’s liquidators say the defunct hedge fund is owed is a steep increase from their initial claim for $120 million.
The ruling came despite FTX's argument that the motion to amend claims was untimely and would disrupt its reorganization plan.
The charges stem from DCG and Genesis’ response to the 2022 collapse of crypto hedge fund Three Arrows Capital.
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 […]
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Arkham data shows that a wallet belonging to failed hedge fund 3AC spent $59,000 on the Neon Village NFT from artist Seerlight.
Kyle Davies, the co-founder of the now-defunct Three Arrows Capital, has stated that he is not sorry for the company going bankrupt.
Barry Silbert, CEO of Digital Currency Group once pitched creating a combined company with Gemini that could compete with the likes of Coinbase and FTX.
OPNX's volume peaked at just over $600,000, according to CoinGecko data.
Zhu is expected to be released from jail this month for good behavior, Bloomberg reported.