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.
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 liquidators say that while the two Three Arrows Capital founders have been active on Twitter and even working on a new exchange, they refuse to comply with a subpoena.
3AC's Kyle Davies and Su Zhu are teaming up with CoinFLEX co-founders for a $25-million “crypto claims market" GTX, but several key players doubt its authenticity.
3AC founders came out swinging against SBF's FTX and DCG's Barry Silbert, accusing the two of colluding to attack Terra and, by extension, 3AC, as well as engaging in a Ponzi scheme.
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.
The safety of using centralized exchanges has been questioned following Deribit's hot wallet hack, which was tallied at $28 million worth of tokens, an amount the trading firm said it would cover.
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 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.
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.
