Three Arrows Capital co-founder Su Zhu is worried he and other company directors could face jail terms for contempt of court due to the liquidators’ misrepresentation, Bloomberg News reported on August 26. The court-appointed liquidators for 3AC Teneo said the co-founders of the embattled firm have been uncooperative, saying Zhu and his partner, Kyle Davies,…
Singapore’s High Court has granted Three Arrows Capital liquidators Teneo power to secure and liquidate its assets in the country, Bloomberg News reported on August 24. According to the report, Teneo is now recognized in Singapore to request access to 3AC locally-owned assets and financial records. It means the liquidator can focus on 3AC assets like bank…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Maple Finance joined the growing list of crypto lending platforms facing liquidity challenges after announcing on June 21 that there might be insufficient cash in its pools. The DeFi protocol for institutional borrowers and lenders published an update saying ‘lenders must…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! FTX CEO and founder Sam Bankman-Fried (SBF) said the downturn in the crypto market is driven by the aggressive rate hikes introduced by the U.S. Federal Reserve to counter the rising inflation, he said during an interview with NPR. SBF said…
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A Twitter thread by Danny Yuan, the head of crypto trading at 8Blocks Capital, has raised new allegations against the embattled crypto hedge fund, Three Arrows Capital(3AC). According to Yuan, Three Arrows used $1 million of his company’s fund to answer…