Three Arrows Capital

ForkLog 17 23.06.2025

FTX Lawyers Seek Dismissal of “Illogical” $1.53 Billion 3AC Lawsuit

Lawyers handling the bankruptcy of cryptocurrency exchange FTX have opposed a lawsuit from the now-liquidated hedge fund Three Arrows Capital (3AC) amounting to $1.53 billion. They argue that the claims are unfounded, as they “rely on inaccurate figures” and fail to consider “actual events that occurred.” According to the lawyers, 3AC’s extensive spot and margin […]

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ForkLog 16 14.03.2025

3AC Liquidators Raise Claims Against FTX to $1.53 Billion

The liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have been permitted to increase their claim against the bankrupt crypto exchange FTX from $120 million to $1.53 billion, according to court documents. Chief Judge John Dorsey dismissed objections from the trading platform’s debtors, who argued that the amendment to 3AC’s Proof of […]

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ForkLog 16 13.08.2024

3AC Liquidators Demand $1.3 Billion from Terraform Labs

The bankruptcy managers of the cryptocurrency hedge fund Three Arrows Capital (3AC) have demanded at least $1.3 billion from Terraform Labs, the entity behind the Terra ecosystem, according to Bloomberg. Court documents reveal that the company “encouraged” 3AC to purchase native LUNA tokens and the algorithmic stablecoin TerraUSD (UST), manipulating markets to “artificially inflate asset […]

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ForkLog 7 22.03.2024

Kyle Davies Sought LayerZero’s Treasury Before 3AC’s Collapse

Kyle Davies, co-founder of Three Arrows Capital (3AC), attempted to persuade the omnichain protocol LayerZero to hand over the project’s entire treasury just days before the hedge fund’s collapse. Earlier, Davies stated on the Unchained podcast that he does not regret losing billions of dollars of investors’ money and plans to avoid imprisonment by any […]

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ForkLog 8 20.03.2024

Divergent Fates: FTX and 3AC Founders Face Potential Prison Sentences

Sam Bankman-Fried, the former head of the collapsed FTX, has rejected a prosecutor’s proposed 50-year sentence, while Kyle Davies, co-founder of the bankrupt hedge fund Three Arrows Capital (3AC), is determined to avoid prison at all costs. Supervillain On March 15, Damian Williams, the prosecutor for the Southern District of New York, requested the court […]

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ForkLog 13 02.02.2024

OPNX Exchange Founded by 3AC Creators Announces Closure

The OPNX exchange, established by the founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC), has announced its closure. OPNX shutting down pic.twitter.com/BIRBX3uiBV — Cole (@cole0x) February 1, 2024 The platform has requested users to close all positions by February 7 and withdraw funds within two weeks. “We are deeply grateful to every […]

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ForkLog 9 21.12.2023

Court freezes assets of Three Arrows Capital founders worth $1.14 billion

Assets belonging to the co-founders of the collapsed hedge fund Three Arrows Capital worth $1.14 billion have been frozen by a Virgin Islands court.

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ForkLog 8 11.10.2023

WOO to repurchase shares and tokens from Three Arrows Capital

The Bitcoin exchange WOO, at a discount, will repurchase from the collapsed crypto hedge fund 3AC its tokens and 3AC's own shares. The move is aimed at eliminating uncertainty.

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ForkLog 15 29.09.2023

Media: 3AC co-founder detained at Singapore airport

The co-founder Su Zhu of the bankrupt hedge fund Three Arrows Capital (3AC) was detained in Singapore as he attempted to depart the country.

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ForkLog 5 14.09.2023

3AC co-founders barred from business activity in Singapore

The Monetary Authority of Singapore has barred the founders of the bankrupt hedge fund Three Arrows Capital, Kyle Davies and Su Zhu, from engaging in regulated business activities in the country for nine years.

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ForkLog 9 16.08.2023

In Singapore, hearings on assets linked to 3AC worth $141 million

The Singapore court will hear the dispute between DeFiance Capital and the firm Teneo, representing the liquidators of the crypto fund 3AC, regarding assets worth $141 million.

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ForkLog 5 07.08.2023

Bloomberg reports OPNX plans to acquire Hodlnaut

The OPNX exchange, founded by the co-founders of the collapsed hedge fund 3AC, Su Zhu and Kyle Davies, seeks to acquire a controlling stake in the troubled crypto-lending platform Hodlnaut.

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