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3AC's $1.53B Claim Against FTX Approved: Creditor Battle Intensifies
A Delaware bankruptcy court has greenlit Three Arrows Capital’s (3AC) request to significantly increase its claim against the FTX estate from $120 million to $1.53 billion. This decision marks a pivotal moment in the aftermath of Sam Bankman-Fried’s crypto empire’s collapse. Once a leading crypto hedge fund, 3AC’s downfall in 2022 was intertwined with FTX’s fate. Initially claiming $120 million…
3AC's $1.53B Claim Against FTX Approved: Major Creditor Clash Looms
A Delaware bankruptcy court has approved Three Arrows Capital’s (3AC) petition to increase its claim against the FTX estate from $120 million to $1.53 billion. This decision marks a significant development in the aftermath of FTX’s collapse. 3AC, once a leading crypto hedge fund, faced its own collapse in 2022, having close financial ties to FTX. The increased claim stems from evidence suggesting…
Singapore police tipped of to detain 3AC founder Su Zhu by liquidators
3AC co-founder Su Zhu has been placed at Changi Prison in Singapore after the liquidators informed the police he’s heading to the airport. In a bold move by liquidators, Su Zhu, co-founder of Three Arrows Capital, found himself behind bars…
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Failed 3AC co-founder Su Zhu $35M villa converted into an ecological urban farm
A $35 million villa in Singapore owned by Su Zhu, the co-founder of failed crypto hedge fund Three Arrows Capital (3AC), has reportedly been converted into a farm, local media Business Times reported. According to the report, the Yarwood Avenue property has been repurposed into an urban ecological farm run by Abundant Cities, a company co-founded by Zhu’s wife, Dr. Evelyn Tao, and Sarah Lewis.…
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OX token value craters after co-founder’s arrest triggers uncertainty
The future of OX token and Open Exchange remains uncertain as the cryptocurrency community grapples with the aftermath of Su Zhu’s arrest and the downfall of 3AC.
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Singapore issues order against Three Arrows Capital founders
The Monetary Authority of Singapore has issued a nine-year prohibition order against the founders of Three Arrows Capital (3AC). The order was issued against Zhu Su and Kyle Livingston Davies for violating different regulatory laws, such as the Securities and…
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Zhu Su and Kyle Davies banned by Singapore regulator for 9 yrs over securities breaches
The Monetary Authority of Singapore (MAS) has issued a prohibition order banning Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies, according to a Sept. 14 notice. The financial regulator banned the two individuals for nine years because they violated the country’s Securities and Futures Act 2001 (SFA) and Securities and Futures (Licensing and Conduct of Business) Regulations…
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Singapore Bans 3AC Founders From Financial Management for 9 Years
Following the collapse of Three Arrows Capital, co-founders Zhu Su and Kyle Davies dropped off the map. Since then, they’ve occasionally resurfaced on X to make oblivious and out-of-place posts excusing them of any wrongdoing and to announce the launch of their new business ventures, namely the exchange platform OPNX and a new hedge fund named 3AC Ventures. New Ventures Also Under Fire OPNX,…
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