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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. Original Source
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Zhu and Davies have announced the launch of 3AC Ventures, which will focus on “superior risk-adjusted returns without leverage”. Co-founders of the bankrupt crypto hedge fund Three Arrows Capital, Su Zhu and Kyle Davies, have resurfaced with a new venture capital (VC) fund called 3AC Ventures. The new fund aims to
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On June 21, OPNX exchange, a platform for trading claims against bankrupt crypto entities, announced a new ecosystem partner dubbed "3AC Ventures." According to developers, "the partnership will invest in projects building in the OPNX ecosystem and working towards a decentralized future." OPNX was founded by Su Zhu and Kyle
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A June 12 AAVE (AAVE) proposal aimed at preventing a particular account from accumulating more debt has led to controversy, with some participants arguing that the proposal violates the principle of censorship-resistance or “neutrality” in decentralized finance, or DeFi.Some participants believe that the account is owned by Curve (CRV) founder
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There’s a narrative that’s grown up around Ethereum’s two most important co-founders, Joe Lubin and Vitalik Buterin, to explain how they went in different directions almost a decade ago.It suggests the pair fell out over the blockchain’s future
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The co-founders of failed crypto hedge fund Three Arrows Capital (3AC) — Su Zhu and Kyle Davies — have run into fresh trouble over operating and promoting their new digital-asset platform, Open Exchange or OPNX, without the required local license in Dubai.According to a report published in Bloomberg, Dubai’s Virtual
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The letter was sent on April 18 to OPNX's Kyle Davies and Su Zhu, who are also the founders of 3AC, after two cease-and-desist orders for marketing the exchange to residents of Dubai and the United Arab Emirates were issued by the regulator in February and March. Source
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OPNX, an exchange jointly founded by members of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the venture capital firms purportedly backing it. An April 21 video posted by the company featured CEO Leslie Lamb thanking some of the major backers of the project, including AppWorks, Susquehanna (SIG),
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OPNX had included DRW in list of "major investors" in a tweet earlier Friday. Source
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“Historically, crypto founders have felt the need to bring on a specialized, crypto-only investment fund alongside traditional VCs," said Krug in a Medium blog post. "However, by combining my expertise in crypto with the brand and generalized expertise of Founders Fund, I believe no firm is better positioned to lead
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