Confirming that it was in possession of the digital collectibles, Teneo revealed that it would begin selling the NFTs at a fair market value.
Facing numerous crossroads, FTX.US President Brett Harrison decides to make a company exit, surprising staffers but not FTX chief SBF who said that his move had been "in the works for a while."
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 protracted collapse of Three Arrows Capital (3AC) is being treated a sign of great sickness within the digital asset industry—and it should be.
The U.S. Securities and Exchange Commission is probing Coinbase again just a week after its debacle with the company's former employee, who was accused of insider trading.
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.
Founders of Three Arrows Capital (3AC), a ‘crypto’ hedge fund, appeared to have gone missing after filing for bankruptcy.
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.
Voyager Digital CEO Stephen Ehrlich says the company will be using Chapter 11 protection to begin restructuring the enterprise in a way that will maximize the value for its stakeholders.
Just as things seemed to be settling down in the digital currency space, Vauld, a lender backed by Coinbase, has suspended withdrawals and hired advisors to explore restructuring.
The conditions are ripe for a long ‘crypto winter’ from which many coins will never recover, and as we can all see, it’s a multi-faceted problem with no easy solutions in sight.