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."
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.
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.”
Kyle Davies and Zhu Su lied to Monetary Authority of Singapore, failed to notify the watchdog about changes in directorship, and failed to implement a risk management framework, according to the prohibition order.
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.
Dubai's VARA fines Three Arrows Capital founders $2.7 million for OPNX exchange violations and imposes fines on individual executives for breaching digital asset promotion rules.
Responding to subpoenas issued by a U.S. court, Davies claimed that he ignored the summons since they were not validly served after he renounced his U.S. citizenship.
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 tweeted 'An Open Letter to DCG boss Barry Silbert,' whose troubled Genesis Global Capital offshoot filed for bankruptcy protection in January.
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.
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.