OPNX Crypto Exchange Formed by 3AC Founders Goes Live
OPNX, the crypto exchange created by Su Zhu and Kyle Davies——the founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital, launched on April 4th. The platform's launch includes the distribution of its native token, FLEX.
Judge Again Orders 3AC Co-Founder to Surrender Financial Documents
The US judge overseeing the liquidation of Singapore-based Three Arrows Capital has given co-founder Kyle Davies a second order to turn over financial records or be held in contempt. Earlier, liquidators had accused Davies of withholding information, and asking him to turn over documents.
Three Arrows Capital's Kyle Davies Ordered to Respond to Subpoena Within 2 Weeks
The co-founder of Three Arrows Capital, Kyle Davies, has been ordered to respond to a subpoena within two weeks. The subpoena was issued by the US Securities and Exchange Commission (SEC), and is part of an ongoing investigation into potential securities violations related to cryptocurrency trading.
Crypto Evening Briefing: Do Kwon Extradition Sought by U.S., South Korea, Montenegro Justice Minister Says
The extradition of TerraForm Labs founder Do Kwon from Montenegro has been requested by both the U.S. and South Korea, Justice Minister Marko Kovac said at a Wednesday press conference.
British Virgin Islands Court Orders 3AC Founders to Attend Examination on Dec. 19
Kyle Davies and Su Zhu, founders of crypto hedge fund Three Arrows Capital (3AC), have been ordered to attend court in the British Virgin Islands on December 19 as part of the liquidation proceedings for the fund, which collapsed last year. The founders will be found in contempt of court if they fail to reply to the order. They are required to provide liquidators with all documents relevant to the firm's bankruptcy by April 14. 3AC imploded last June as a depressed crypto market exposed the firm's long-only trading strategy. The collapse triggered similar collapses from multiple other crypto firms. Companies with 3AC exposure, such as Voyager Digital, Celsius, and Genesis Asia Pacific, subsequently filed for bankruptcy.
A Three Arrows Capital Founder Talks About His New Crypto Bankruptcy Exchange
Less than a year after Three Arrows Capital (3AC) imploded along with $2.5 billion of clients' money, the hedge fund's founders, Su Zhu and Kyle Davies, are back with a new cryptocurrency exchange where people can trade bankruptcy claims – a hot area given all the distress in the industry.
3AC Co-founder Can Answer Subpoena or ‘Take His Chances’ — US Judge
Kyle Davies, co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has been ordered to answer the subpoena issued to him in Januaryor risk being held in contempt of court.
Crypto Morning Briefing: Binance NFT Announces Integration With Polygon Network
Silvergate Capital Corporation Will ‘Voluntarily Liquidate’ Silvergate Bank; Gemini Denies Reports of Banking Relationship Ending With JPMorgan; Three Arrows Capital Founders Shake Up Crypto Industry with New Crypto Exchange After Acquiring CoinFLEX Assets; Binance Charity Donates $100,000 in Georgia to Empower Women through Web3 Education
Three Arrows Capital Founders Shake Up Crypto Industry with New Crypto Exchange After Acquiring CoinFLEX Assets
Su Zhu and Kyle Davies, the two founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC), have completed a funding round for their new OPNX exchange and will acquire remaining assets from the troubled exchange CoinFLEX.
DCG Losses Top $1B on the Back of 3AC Collapse in 2022
Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to the contagion relating tocollapse of crypto hedge fund, Three Arrows Capital (3AC).
