City Arrow Financial News

12.10 / 10:59

Blockchain defi Hackers hacks security Exploit Flash Loan Exploit Platypus DeFi loses $2.2M in another flash loan exploit

Decentralized finance (DeFi) protocol Platypus has lost over $2 million in assets after suffering another flash loan exploit on its platform. The protocol suspended all of its pools in response to the attack.

12.10 / 01:54

business Investments Bankruptcy hedge fund network WOO Network to sever ties with Three Arrows Capital after share buyback

Crypto exchange WOO Network is set to sever all remaining ties with bankrupt Three Arrows Capital, after reaching a settlement to buy back shares and tokens previously acquired by the crypto hedge fund.

12.10 / 00:17

FTX BlockFi Three Arrows Capital 3AC Federal Judge Orders Mediation for BlockFi and Three Arrows Capital Dispute Over $284 Million Payments

A US bankruptcy judge, in order to resolve the legal battle over a significant $284 million claim by bankrupt crypto hedge fund Three Arrows Capital (3AC) against crypto lender BlockFi, has ordered them to enter mediation.

11.10 / 13:29

shares 3AC WOO Crypto Exchange Woo Plans to Repurchase Own Shares Acquired by 3AC – Report

Crypto exchange WOO has successfully recouped shares and tokens acquired by the failed hedge fund Three Arrows Capital (3AC), the exchange confirmed on Oct. 6.

06.10 / 13:25

CFTC Voyager US CFTC Reportedly Considering Enforcement Action Against Former Voyager CEO

U.S. regulators are currently considering taking enforcement action against Stephen Ehrlich, the former CEO of the bankrupt crypto lender Voyager, Bloomberg reported citing sources familiar to the matter.

05.10 / 15:17

3AC Singapore Police Officially Confirm “36-Year-Old Man” Arrested Connected to Crypto Hedge Fund 3AC

Cryptonews reported last week that Su Zhu, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has been arrested in Singapore. The local police have officially confirmed the arrest, responding to a Reuters query on Thursday.

04.10 / 22:55

Blockchain Citi Cooper CEO country 3AC Founder's Luxurious Villa Gets Repurposed to Urban Farm by Wife

The luxurious Singapore home of Three Arrow Capital (3AC) founder Su Zhu has been repurposed from living quarters to an urban farm by his wife, Evelyn Tao, according to local reports.

04.10 / 19:23

business hedge fund Terra Luna Su Zhu's $36M mansion transformed into eco-farm post-3AC collapse: Report

Crypto businessman and fugitive Su Zhu's $36 million luxury real estate in Singapore has been converted into an eco-farm.

03.10 / 21:11

Blockchain Cardano Altcoin Cardano stablecoin project gambled away investors’ money before rug: Report

In 2021, Ardana Labs claimed it would provide an innovative stablecoin platform for the Cardano network. The new project, called “Ardana,” would allow investors to lock up crypto collateral and mint fiat-pegged stablecoins, including a U.S. dollar-based token called dUSD. It raised $10 million from investors that year, but it suddenly closed up shop in November 2022, citing “funding and project timeline uncertainty.”

29.09 / 23:11

Arrest Bankruptcy 3AC 3AC’s Su Zhu Apprehended in Singapore on Flee Attempt

Su Zhu the founder of bankrupt crypto hedge fund, Three Arrows Capital has been arrested in Singapore while embarking on an attempt to flee according to reports.

29.09 / 18:41

Cooper Luna country gossips Three Arrows Capital co-founder Zhu apprehended in Singapore

Three Arrows Capital co-founder Su Zhu was apprehended in Singapore while trying to leave the country on Friday.

29.09 / 15:35

business hedge fund 3AC’s Su Zhu arrested in Singapore

The co-founder of Three Arrows Capital (3AC), Su Zhu, was arrested in Singapore when attempting to leave the country, Cointelegraph has learned from Teneo, the joint liquidator of the bankrupt hedge fund.

28.09 / 14:07

Blockchain Ethereum lending Loans Bitcoin Bitcoin lender Ledn to roll out ETH, USDT interest accounts

Despite its roots embedded in Bitcoin (BTC) lending, lending platform Ledn has announced the launch of an Ethereum (ETH) yield offering following user requests for a shielded alternative to manually staking Ether.

26.09 / 23:57

business Ethereum regulation FTX Bankruptcy Bitcoin Customers Crypto lender BlockFi gets court nod to repay customers

The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan.

19.09 / 14:17

Twitter Digital FLEX OPNX’s $30 million Hodlnaut bid spurned due to ‘illiquid’ token

The interim judicial managers of embattled crypto lender Hodlnaut have opposed the takeover terms from OPNX, a digital asset exchange associated with the founders of failed hedge fund Three Arrows Capital.

19.09 / 13:37

regulation lending Court Bankruptcy Bitcoin OPNX’s $30M Hodlnaut bid rejected as FLEX token plummets 90%: Report

The interim judicial managers of the collapsed cryptocurrency lender Hodlnaut have reportedly rejected the latest buyout deal amid the settlement token plummeting 90%.

14.09 / 19:07

business lending Digital Currency Group Bankruptcy services Genesis announces winding down of crypto trading services

Crypto lending firm Genesis, a subsidiary of Digital Currency Group (DCG), will stop offering spot and derivatives trading for crypto assets through its British Virgin Islands unit.

14.09 / 04:57

3AC Financial Monetary Authority of Singapore Bans 3AC Founders From Engaging in Financial Markets

Singapore's central bank, the Monetary Authority of Singapore (MAS), has barred the founders of Three Arrows Capital, Zhu Su and Kyle Livingston Davies from participating in financial markets within the city-state for a period of nine years.

14.09 / 03:59

business Law Singapore's central bank slugs Three Arrows founders with 9-year ban

The Monetary Authority of Singapore (MAS) has issued a nine-year prohibition order to Three Arrows Capital (3AC) founders Kyle Davies and Zhu Su over alleged violations of the country's securities laws.

06.09 / 22:27

Digital Coindesk Southern Bitcoin Genesis Global Capital seeks to recoup over $600 million unpaid DCG loans

NEW YORK (Reuters) — Digital Currency Group was sued on Wednesday by its bankrupt Genesis Global Capital cryptocurrency lending unit, as both sides negotiate DCG's repayment on more than $610 million of loans that matured in May.

06.09 / 03:21

Metaverse Worldcoin Cryptoverse: Venture capital still haunted by crypto chaos

VC crypto bets totaled just under $2.3 billion in April-July this year, the lowest quarterly level for over three years, according to data firm PitchBook. In the first half of 2023, investments were down by almost three-quarters from a year ago to $5 billion. «The lofty exuberant valuation days are gone,» said Tal Elyashiv, founder and managing partner of SPiCE VC, adding that valuations place on crypto companies had fallen closer in line with their actual performance. Crypto investors remain haunted by the chaos that descended on the sector last year when the implosion of the FTX exchange and other major firms, including hedge fund Three Arrows Capital, sent shockwaves through the industry.

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