Tag: su zhu

Jul 02 2022

Three Arrows Capital Files for Bankruptcy in the US to Protect its Assets from Liquidators.

Summary: Three Arrows Capital has filed for Chapter 15 bankruptcy in New York 3AC filing for bankruptcy comes less than a week after a British Virgin Islands court ordered the hedge fund into liquidation. The financially embattled crypto hedge fund of Three Arrows Capital has filed for Chapter 15 bankruptcy in New York. According to a report by Bloomberg, the move will protect...

Jul 01 2022

Three Arrows Capital’s Su Zhu is Selling His $35M Singapore Mansion – Report

Summary: Three Arrows Capital Co-founder, Su Zhu, is reportedly looking to sell his $35 million Singapore mansion. Su Zhu allegedly bought the mansion in December 2021 at S$48.8 million. The house is held under a trust belonging to one of his children. According to sources, liquidators in Singapore are looking to seize properties owned by Three Arrows Capital parties. The co- founder of the...

Jun 30 2022

Zhu Su’s Mansion In Singapore Is Reportedly Up For Sale Following 3AC’s Bankruptcy

According to Chinese reporter Colin Wu, Three Arrows co-founder Zhu Su is rumoured to have put up his mansion in Singapore for sale per some real estate agents, but it has not been indicated on any public platform. Is Zhu Su giving up his properties after 3AC's liquidation? A court order from the British Virgin...

Three Arrows Capital Reprimanded By Singapore Regulator Over Breach Of AUM Laws And False Information

Summary: Three Arrows Capital allegedly exceeded the asset under management (AUM) threshold set by the Monetary Authority of Singapore. The MAS also noted that 3AC provided misleading information regarding the management of its fund and changes in company hierarchy. Singapore's top regulator started looking into the matter in June 2021. The MAS is currently investigating other possible violations by Su Zhu’s firm. Chief...

Jun 27 2022

Voyager Digital Serves Three Arrows Capital A Default Notice On Its $650 Million Loan

Summary: Voyager previously disclosed its exposure to 3AC, worth over $650 million. 3AC's loan included $350 million in USDC and some 15,250 Bitcoins. Voyager set June 27 as the deadline for repayment. The latest update suggests that the digital asset platform intends to pursue recovery. Voyager secured a revolving credit line from SBF-backed Alameda Research featuring $200 million USD and 15,00 BTC. $75...

Voyager Digital Serves Three Arrows Capital A Default Notice On Its $650 Million Loan

Summary: Voyager previously disclosed its exposure to 3AC, worth over $650 million. 3AC's loan included $350 million in USDC and some 15,250 Bitcoins. Voyager set June 27 as the deadline for repayment. The latest update suggests that the digital asset platform intends to pursue recovery. Voyager secured a revolving credit line from SBF-backed Alameda Research featuring $200 million USD and 15,00 BTC. $75...

Jun 24 2022

Kyber Network Admits A Portion of Its Treasury Was Held By 3AC, But Not Significant to Affect KNC Operations

Summary: The Kyber Network team has admitted that Three Arrows Capital's potential insolvency might impact its treasury. A small portion of Kyber Network's treasury is with Three Arrows Capital but is not significant enough to affect the KNC project's operations. The team at Kyber Network adds that it has enough funds to operate for many years. The potential insolvency of the Three Arrows...

Jun 23 2022

Ethereum’s Vitalik Criticizes 3AC’s Co-founder Alleged Yacht Purchase, Says There are More Honorable Ways to Burn $50M

Summary: Ethereum co-founder, Vitalik Buterin, has thrown some shade into Su Zhu's alleged $50 million yacht purchase. According to Vitalik, there are better ways of burning $50 million, such as becoming a Gitcoin grants matching partner. Rumors of Su Zhu's yacht purchase have elicited mixed reactions on Twitter. Ethereum's co-founder, Vitalik Buterin, has chimed in on rumors of Three Arrows Capital co-founder, Su...

Jun 22 2022

Jun 17 2022

Troubled Crypto Giant 3AC Weighing Asset Sales, Bailout Options: WSJ

Jun 17 2022 Published at Crypto Briefing under tags  news su zhu three arrows capital

Three Arrows Capital has reportedly hired legal and financial advisors to help it establish a plan to pay back investors and lenders. Zhu and Davies Mulling Bailout Three Arrows Capital...

Bitmex, Deribit, and FTX Liquidated Three Arrows Capital (3AC) Leveraged Positions

Jun 17 2022 Published at Ethereum World News under tags  bitmex deribit ftx news su zhu

Summary: The crypto hedge fund owes BitMEX exchange around $6 million. Sources claim that the positions on Deribit and FTX were small. A Bitmex representative told The Block that the positions were collateralized debts and did not include client funds. Deribit and FTX have not disclosed the value of the positions as of press time. 3AC founders Su Zhu and Kyle Davies are...

Jun 15 2022

Su Zhu Says 3AC Is “Committed to Working This Out” as Wipeout Rumors Rage

Jun 15 2022 Published at Crypto Briefing under tags  people su zhu three arrows capital

Su Zhu and Kyle Davies' Three Arrows Capital is one of crypto's most respected hedge funds. Su Zhu Speaks Out Three Arrows Capital co-founder Su Zhu has broken his silence...

May 27 2022

Three Arrows Co-Founder Su Zhu Admits His Bitcoin Supercycle Price Thesis Was Regrettably Wrong

Summary: Su Zhu has admitted via Twitter that his Bitcoin supercycle thesis 'was regrettably wrong.' Mr. Zhu's Bitcoin supercycle thesis had forecasted that BTC could reach $2.5 million if it took a large portion of Gold's market share. The co-founder of Three Arrows Capital, Su Zhu, has admitted via Twitter that his Bitcoin supercycle price thesis was regrettably wrong. In the tweet that...

Dec 07 2021

Nov 22 2021

Jun 18 2021

Oct 28 2020

Singapore’s DBS Is Exploring Crypto, Spokesperson Confirms

News of Singapore's biggest bank, DBS, launching a cryptocurrency exchange, rocked the crypto space today. Following the announcement, a spokesperson for the bank confirmed to Altcoin Buzz that DBS was exploring unveiling a digital currency exchange. However, it was noted that this decision was still in progress as the bank has not yet obtained regulatory approval. According to the spokesperson, "DBS’ plans to...

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