Three Arrows Capital’s Su Zhu questioned in Singapore over lost billions
One outlet reports that the 3AC co-founder is set to be released this month after he was arrested in September and sentenced to four months in prison.
Latest 3AC News
CoinFLEX creditors sue ex-CEO for helping Roger Ver avoid $84M debt
CoinFLEX creditors launch a legal battle against former CEO Mark Lamb for allegedly teaming up with 3AC founders in using their assets as their "personal piggy bank."
SEC reportedly probing Genesis’ links to the Terra fraud
The digital asset lender has five days from the date of the order to comply by handing over the Securities and Exchange Commission’s requested documents, creating a deadline of October 18.
3AC’s Su Zhu jailed for four months after trying to flee Singapore
Court-appointed liquidator Teneo announced that Su Zhu had been “apprehended at Changi Airport whilst attempting to travel out of Singapore following a committal order granted by the Singapore Courts against him.”
Barry Silbert sweats as FBI probes Digital Currency Group’s financial transfers
FBI agents interviewed Cameron Winklevoss regarding allegations that Digital Currency Group boss Barry Silbert misrepresented the financial health of DCG’s now-bankrupt lending arm Genesis Global Capital.
The CoinDesk sale: Chickens coming home to roost
The CoinDesk sale is a significant event in the blockchain economy—a wake-up call for the community and a reminder that accountability is essential in any industry, including the blockchain industry.
Cameron Winklevoss slams Barry Silbert and SEC, defends poison Kool-Aid
Cameron Winklevoss tweeted 'An Open Letter to DCG boss Barry Silbert,' whose troubled Genesis Global Capital offshoot filed for bankruptcy protection in January.
3AC liquidators seeking $1.3 billion from founders: report
The liquidators from Teneo say the $1.3 billion is the figure reflecting the losses that Su Zhu and Kyle Davies racked up before Three Arrows Capital collapsed, Bloomberg reports.
Wyre is the next digital currency company to shut down
Withdrawals in Wyre will be available until July 14, after which there will be a recovery process for the digital currency that remains on its platforms.
3AC founders draw ire of Dubai regulator over new project
VARA notes that OPNX crossed its radar in February when the project began collecting personal data from customers, and in its latest advisory, the regulator stated that it would closely monitor OPNX.
3AC’s Kyle Davies given 7 days to comply with subpoena or be held in contempt
The subpoena ordered Kyle Davies to provide the liquidators with private keys, seed phrases and other related documents relevant to the 3AC liquidation process.
Alameda sues Grayscale, Digital Currency Group and Barry Silbert over GBTC mismanagement
The complaint accuses Grayscale and Digital Currency Group of “brazen abuse of their control over nearly $19 billion of digital assets held in two trusts to enrich themselves at the expense of trust shareholders.”