Deribit exchange loses $28M in hot wallet hack
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.
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.