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The Latest Breaking News from 3AC

Digital Currency Group Sues Genesis Over $1.1 Billion 2022 Bailout Amid Bankruptcy Dispute (UPDATED)

Editor’s note: the story has been updated with a statement by the Digital Currency Group.

Benzinga

NFL Legend Rob Gronkowski To Pay $1.9M To Settle Voyager Digital Investors Lawsuit

Ron Gronkowski has agreed to settle majority of the "millions" that plaintiffs are set to receive in relation to their complaint against the NFL great and other sports figures over their promotion of collapsed crypto lender Voyager Digital.

International Business Times

Digital Currency Group, CEO Barry Silbert Move To Dismiss New York AG Lawsuit

DCG and its CEO have filed motions to dismiss the case filed by New York's attorney general, saying the allegations made in the complaint were mischaracterizations of a company that was supporting its subsidiary in good faith when it was financially troubled.

International Business Times

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Judge Approves BlockFi Settlement With 3AC, But Denies Documents' Unsealing

BlockFi and 3AC have been allowed to proceed with their settlement, but the details of which will remain confidential for several reasons that include the defunct crypto hedge fund's ongoing bankruptcy proceedings.

International Business Times

Crypto Exchange OPNX To Shut Down As FTX Bankruptcy Claims Reach 'Recovery'

OPNX, the exchange founded by two of the people behind fallen crypto hedge fund Three Arrows Capital, will shut down this month.

International Business Times

Cofounder of bankrupt crypto hedge fund Three Arrows Capital arrested trying to flee Singapore

Three Arrows cofounder Su Zhu was reportedly apprehended at Singapore Changi Airport.

Fortune

Why are there so few great startup founders in their 20s? Some blame crypto

One writers suggests there are fewer founders because promising entrepreneurs went into crypto and found a dead end.

Fortune

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Seriously? The 3AC hedge fund bros are raising $25M for a new crypto exchange

After burning Three Arrows Capital investors, fugitives Kyle Davies and Su Zhu want money to start an exchange for crypto bankruptcy claims.

Fortune

DCG's Silbert fishes for sympahy in crypto row with Winklevoss twin

Instead of the heady days of the Fed-induced asset bubble, times have been personally and professionally tough for the owner of crypto lender Genesis.

Fortune

The Weekly Wrap for Saturday, 12 November 2022

Sam Bankman-Fried's cryptocurrency empire collapsed this week. His $16bn personal fortune was incinerated in a matter of days (another rousing win for the normative determinists). Not bad for a 30-year-old.

inkl Originals

Global manhunt begins for crypto boss Do Kwon after stablecoin loses $45 billion in value

South Korea’s special financial crimes unit began an investigation into Kwon’s Terra after a group of five investors filed criminal complaints

Evening Standard

'My Family's Future Is Ruined': Dozens Of Voyager Digital Customers Send Letters To Bankruptcy Judge

Jacob spent six years building his cryptocurrency portfolio to 100 Ethereum (CRYPTO: ETH) — worth around $138,000.

Benzinga

Did Tesla Crash the Bitcoin Market?

Electric vehicle company Tesla Inc (NASDAQ: TSLA) purchased $1.5 billion of Bitcoin (CRYPTO: BTC) in January 2021.

Benzinga

Death Threats Compelled Us To Disappear, 3AC Founders Say

Founders of the beleaguered crypto lending and borrowing firm Three Arrows Capital (3AC) say they received death threats following the collapse of their company, and that's what compelled them to disappear.

Benzinga

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Benzinga

Here Is Everyone (For Now) 3 Arrows Capital (3AC) Owes Money To

As Three Arrows Capital (3AC) goes through the liquidation process mandated by the Order of the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands, the full depth of the company's implosion and its effect on the crypto industry is starting to become clear.

Benzinga

Benzinga Before The Bell: Musk's Twitter Lawsuit, Uber Penalized For Overcharging People With Disabilities, Johnson & Johnson Cuts Outlook And Other Top Financial Stories Tuesday, July 19

CNBC Amazon Courts More Trouble As Regulators Inspect Its Warehouses

inkl Originals

The Weekly Wrap for Saturday, 16 July 2022

This week, a tour of the Subcontinent. Gotabaya Rajapaksa finally took the hint and people partied through the state of emergency. Pakistan is flooding (both ways) and India claims more bragging rights.

Benzinga

Bitcoin, Ethereum, Dogecoin Continue To Bleed: Analyst Points To Key Level To Watch For 'Oversold' Apex Coin

As investors await inflation data, Bitcoin and other major coins continue to tread red waters. The global cryptocurrency market cap declined 2.85% to $864.3 billion on Tuesday.

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news in one place.

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Benzinga

The State of Crypto Investing Right Now: A Flashback TO The 90's And How to Minimize Risk

By CK Zheng, Co-founder and CIO, ZX Squared Capital

Evening Standard

Collapsed crypto fund co-founder hits back at liquidators after ‘threats of physical violence’

A co-founder of a collapsed crypto hedge fund reportedly once worth $10 billion has hit back at accusations by liquidators that he is refusing to cooperate with them.

Bangkok Post

Voyager Digital goes bust after loan default

Voyager Digital, a major cryptocurrency investment firm, declared bankruptcy on July 6 after crypto hedge fund Three Arrow Capital (3AC) defaulted on a US$650 million loan.

Input

Voyager Digital is the next domino to fall in crypto’s brutal wipeout

Stephen Ehrlich, the company's CEO noted that "volatility in the crypto markets" has forced his hand as the company filed for Chapter 11 bankruptcy.

Benzinga

Crypto Lender Voyager Files For Chapter 11 Bankruptcy Protection

Days after it suspended trading, deposits, and withdrawals on its platform, cryptocurrency lending platform Voyager Digital LLC (OTC: VYGVF) filed for Chapter 11 bankruptcy protection in New York, according to its court

Bangkok Post

Voyager Digital halts all trading after 3AC default

Major crypto exchange Voyager Digital halted all trading, deposits and withdrawals, preventing all users from accessing their funds after losing over half of its assets from Three Arrows Capital's (3AC) default on a loan worth over US$650 million.

Axios

The crypto bear: The bad, the ugly and no-good

This crypto boom, unlike the last, was marked by debt — that is a greed problem, not a blockchain one.

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