Latest Report The SEC vs. Paxos: A deep dive into the implications of the lawsuit and its effects on stablecoins The SEC’s notice to Paxos to stop minting BUSD could have longstanding implications on the crypto market. CryptoSlate’s new report explores the recent and potential consequences of enforcement action against Paxos. Andjela Radmilac · 5…
Ad Founders of bankrupt crypto hedge fund Three Arrows Capital founders Zhu Su and Kyle Davies, in collaboration with CoinFLEX co-founders, have launched the “first public marketplace for crypto claims” Open Exchange. According to a Feb. 9 Twitter thread, Open Exchange (OPNX) said there is “a $20 billion market of claimants” desperately searching for a…
Wintermute CEO Evgeny Gaevoy said Three Arrows Capital co-founder Su Zhu should “stay wiped out” and not attempt to use the current market situation for his “redemption.” Man really, SBF being a bigger villain than you, doesn’t automatically start your redemption ark. Stay wiped out https://t.co/7AuvsPstp6 — wishful cynic (@EvgenyGaevoy) November 9, 2022 Gaevoy’s tweet…
Three Arrows Capital (3AC) liquidators Teneo have gained control of assets worth $40 million belonging to the embattled hedge fund, Bloomberg News reported July 21. The liquidators reportedly stated that the fund’s assets consisted of bank accounts, cryptocurrencies, NFTs, and stakes in other firms. Bloomberg reported that Teneo representative Russell Crumpler declared on July 20…
Three Arrows Capital (3AC) liquidators have applied to a High Court in Singapore to deny any claim made by the hedge fund or access to its headquarters, court filings showed. The liquidators said they need the court to protect the hedge fund assets in Singapore, given the number of legal proceedings that might come against…
Singapore’s financial regulator has reprimanded three Arrows Capital (3AC) for providing false information about its operations in the country. The Monetary Authority of Singapore (MAS) said that 3AC exceeded the threshold for how many assets under management (AuM) an investment fund in the country can have. According to the official statement from MAS, 3AC has…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! According to the company’s announcement, the credit facility will be used to safeguard customer assets in light of current market volatility and only “if needed.” The market volatility threatening Voyager originated from Three Arrows Capital, an investment fund that took out…