Legal Battle Ensues as BlockFi Counters FTX and Three Arrows Capital’s Claims
Bankrupt cryptocurrency lender BlockFi is trying to block attempts by the similarly bankrupt FTX and Three Arrows Capital (3AC) that aim to retrieve hundreds of millions of dollars to pay back their creditors. BlockFi claimed in an Aug. 21 filing to a New Jersey bankruptcy court that its own cred ...
Buffett and Ackman take opposing sides on Treasury yields — What does it mean for Bitcoin?
Warren Buffett and Bill Ackman are two of the most successful investors in the world, but they have taken opposing views on the bond market in recent months.Only one can be right. Billionaire investor Bill Ackman says he is shorting US ...
3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship
Kyle Davies, the co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has submitted documentation to court claiming he is fully a citizen of Singapore and not the United States.In an Aug. 1 filing with the U.S. Bankruptcy Court for the Southern District of New York, Davies ...
3AC liquidators look to recoup $1.3B from founders
Teneo, the liquidator behind bankrupt hedge fund Three Arrows Capital (3AC), is reportedly seeking to recover roughly $1.3 billion in funds from 3AC founders Su Zhu and Kyle Davies.According to a June 27 Bloomberg report, the liquidator claimed Davies and Zhu incurred the $1.3 billion ...
FTX Recovers $400 Million from Hedge Fund in Bankruptcy Settlement
According to documents obtained by Reuters, the interim management overseeing the bankruptcy proceedings of cryptocurrency exchange FTX has come to a settlement agreement with Modulo Capital, a hedge fund based in the Bahamas. Under the agreement, Modulo will pay $404 million to FTX and relinquis ...