Financial losses relating to digital assets reported to Action Fraud between October 2021 and September 2022 jumped to £226 million ($273 million)—well more than those reported for general fraud.
Digital Currency Group boss Barry Silbert has issued a note to shareholders, noting the “difficult industry conditions” plaguing the digital asset sector.
Confirming that it was in possession of the digital collectibles, Teneo revealed that it would begin selling the NFTs at a fair market value.
Su Zhu has resurfaced in Thailand to defend himself and Three Arrows Capital, saying liquidators are misleading the court, even as a court sided with them.
The U.S. Securities and Exchange Commission is probing Coinbase again just a week after its debacle with the company's former employee, who was accused of insider trading.
This executive summary from Data Finnovation looks if DCG and 3AC were engaged in some kind of scheme to extract value from the GBTC premium.
The bankruptcy of ‘crypto’ hedge fund Three Arrows Capital (3AC) continues to rock the wider digital asset sector, threatening an ever-widening pool of companies that put their trust in a pair of scammers.
The order was made in response to an emergency motion by liquidators, who say that 3AC’s founders—Su Zhu and Kyle Davies—have been uncooperative.
The conditions are ripe for a long ‘crypto winter’ from which many coins will never recover, and as we can all see, it’s a multi-faceted problem with no easy solutions in sight.
Digital asset hedge fund Three Arrows Capital, which had been around since 2012, now appears to be dragging other industry names into its whirlpool.
The best way to prepare for the further decline in the digital asset markets is to manage risk. Selling is good too, especially if you know that you can buy back at a lower price in the future.
After claiming that they had properly managed risk and that no client funds were impacted, SBF announced that FTX was "injecting $250m into BlockFi and partnering with them."
