Recovering from the Terra collapse proved difficult for Hodlnaut following a failed bid to restructure its operations, forcing the Singaporean High Court to order its liquidation.
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.
The subpoena ordered Kyle Davies to provide the liquidators with private keys, seed phrases and other related documents relevant to the 3AC liquidation process.
The infamous yacht, whose name was inspired by the meme coin Dogecoin, was purchased by Kyle Davies and Su Zhu last year, but the two never got to use it.
News broke early this week that a British Virgin Islands court had ordered Singapore-based digital currency hedge fund Three Arrows Capital (3AC) into liquidation.
iCE3 went into liquidation in April, but according to a new report, there’s a discrepancy of 54 BTC, worth $3.3 million, as well as other digital currencies.
Mirror Trading International grabbed headlines after it allegedly scammed 280,000 investors by posing as a multi-level marketing scheme, promising get-rich-quick returns for the investors.
iCE3 has announced that it has initiated the liquidation proceedings after it found discrepancies in its BTC and Litecoin (LTC) balances.
Mirror Trading International was forced into liquidation in December 2020, amid claims it was operating illegally and fraudulently.
Creditors were now able to log claims via the Cryptopia claims portal, inviting those still owed money since the firm collapsed to register their interest.
New Zealand-based crypto exchange Cryptopia was likely in breach of its compliance obligations in the run up to being hacked.
Now known as Dragon Payments, LBX has long been reported to be in financial struggles and now, it’s been officially placed in compulsory liquidation by the U.K
