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Summary: Three Arrows Capital’s bankruptcy filing states that the location of both Su Zhu and Kyle Davies is currently unknown, and the pair might have left Singapore. The document also states that Three Arrows Capital managed $3 billion in digital assets as of April 2022. The bankruptcy filing also requests a stay on
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Summary: Blockchain.com’s CEO has revealed that the company faces a $270 million loss on loans to the Three Arrows Capital hedge fund. However, he states that the company remains liquid and solvent, and its customer will not be affected by the loss. Blockchain.com CEO, Peter Smith, has revealed that the crypto exchange faces
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Three Arrows Capital had dreams of institutional interest in NFTs. But as the firm declares bankruptcy, its NFT collection is worth a paltry sum. Original Source
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Cryptocurrency exchange Blockchain.com stands to lose $270 million from lending to Three Arrows Capital, the over-leveraged hedge fund that is now the subject of a liquidation order in the British Virgin Islands. Original Source
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A total of 2,319 bitcoin and 31,177 ether, or US$80 million, is the debt from Derebit trading accounts that triggered the liquidation of Three Arrow Capital, the once mighty crypto hedge fund that had nearly $10 billion under management, according to a court document filed in the British Virgin Islands
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Now, TPS, named after the Tai Ping Shan mountain on the island of Hong Kong, says Three Arrows Capital was merely a TPS client and the two entities’ cooperation was more within a “referral capacity,” with TPS serving as an “agent” or “intermediary” in financial transactions. Original Source
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"Bitcoin price action remains weak, with some volatility seen on both sides, which is typical in pauses between trend continuations," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. "Currently, we expect BTC to see more downside action but we are also keenly watching
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The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapter 15 proceeding so liquidators and creditors cannot seize the firm’s U.S. assets. 3AC Files for Bankruptcy —
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Crypto hedge fund 3 Arrows Capital is slated to be another pillar piece of 2022’s bear market headlines, joining the likes of brutal bear market moments that include Terra Luna’s downfall and CeFi’s drama. While rumors have swirled for several weeks now about 3AC’s status, limited details with concrete information have
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While Three Arrows Capital used its tens of billions of dollars of assets under management to invest in new projects and take large market positions, it also operated an over-the-counter trading desk called Tai Ping Shan (TPS) Capital. The entity was once described on LinkedIn as "the official OTC desk
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