Three Arrows Capital


Video

Crypto Winter Hits NFTs; 3AC Files for Bankruptcy

Monthly NFT sales fall below US$1 billion for the first time in a year. Three Arrows Capital files for Chapter 15 bankruptcy in the US. Sam Bankman-Fried's FTX doubles down on BlockFi bailout. Experts weigh in on the future of stablecoins. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

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MAS Mulls Crypto Limits; Pacquiao’s Pacman NFTs

Singapore’s central bank considers limiting retail participation in crypto. Vauld halts withdrawals, trading, deposits; explores restructuring. CoinLoan reduces withdrawal limit by 99%. Questions arise on how far Three Arrows Capital contagion can spread. Can Cardano pack a punch with Pacquiao NFT collection?

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Mercati

Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities

As Three Arrows Capital collapsed under market pressure, its much-lesser known trading desk, TPS Capital, remained active, sources say. But a complex ownership structure might frustrate creditors' efforts to collect.

Cayman Islands (Creative Commons)

Finanza

Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding

A British Virgin Islands court ordered Three Arrows' BVI branch into liquidation earlier this week.

Su Zhu of Three Arrows Capital (CoinDesk)

Finanza

Troubled Crypto Lender Babel Finance Looking to Hire Restructuring Specialist Houlihan Lokey: Sources

The company is reportedly in the process of signing an engagement letter with the investment banking firm.

Flex Yang, co-founder of Babel Finance (Babel)

Finanza

Finblox Raises Withdrawal Limit, Explores Legal Action Against Three Arrows Capital

Finblox had imposed a $1,500 withdrawal cap following emergence of its exposure to the hedge fund.

Finblox increases withdrawal limit. (Thom Masat/Unsplash)

Finanza

Three Arrows Capital's Su Zhu Looks to Sell $35M Singapore House

Zhu and his wife purchased the property late last year for S$48.8 million ($35 million) and now they are selling it in what analysts call a slowing market.

Su Zhu of Three Arrows Capital (CoinDesk)

Finanza

Blockchain.com, Deribit Among Creditors That Pushed for 3AC Liquidation: Report

Blockchain.com has also said it is cooperating with ongoing investigations into the hedge fund, which "defrauded the crypto industry."

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Politiche

Singapore Central Bank Censures Three Arrows Capital for Alleged Misleading and False Disclosures

The crypto hedge fund also exceeded the threshold of assets it could manage in Singapore, according to the central bank.

An official at Singapore's central bank said it won't tolerate bad behavior in the crypto industry. (Peter Nguyen/Unsplash)

Finanza

Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources

The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.

Genesis Trading Michael Moro at the Crypto Bahamas event in April 2022 (Danny Nelson/CoinDesk)