A court in the British Virgin Islands has frozen over $1 billion in assets belonging to the founders of Three Arrows Capital (3AC), a bankrupt crypto hedge fund. The court order, issued on Monday, applies to Su Zhu and Kyle Davies, as well as Davies' wife, Kelly Chen. The liquidators of the firm, Teneo Restructuring, have been seeking $1.3 billion and included Chen in the order to maximize returns to creditors.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Founders of bankrupt crypto hedge fund Three Arrows Capital have over $1 billion in assets frozen by court
-
Wechat scan to share
Recommended for you
-
Web3 gaming won’t exist in 5 years, $656K for best crypto game pitch: Web3 Gamer
Web3 Gaming will make as much sense as 'internet company' in future, plus big prize for best crypto game pitch, and more.
-
Meme coins: Betrayal of crypto’s ideals… or its true purpose?
There's a big division between meme coin fans and those who hate memes for undermining crypto's ideals and public image.
-
The Bitcoin-native stablecoin bitSmiley Alphanet V1 Surpasses $24M TVL in 24 Hours!
In a remarkable achievement, bitSmiley's Alphanet V1 skyrocketed to over $24 million in TVL within just 24 hours of its launch with over 6 million bitUSD stablecoins minted through over-collateralization. bitSmiley stands as a pioneering initiative, introducing stablecoins by over-collateralizing Bitcoin. -
Vitalik: PoW is also quite centralized. PoW is just a temporary phase before moving to PoS
Vitalik Buterin, co-founder of Ethereum, stated on social media that PoW is also quite centralized. It just hasn't been discussed too much because everyone knows it's just a temporary stage before transitioning to PoS. This doesn't even involve how to potentially avoid ASICs, simply because the upcoming PoS transition means there's no incentive to build them. -
Another person involved in the OneCoin scheme was arrested and the US prosecutors have filed a lawsuit against him
According to court documents submitted by the Southern District of New York, William Morro, a person involved in OneCoin, has been arrested. Prosecutors said Morro lied to banks about the source of funds to conceal the source of funds related to OneCoin. He was involved in transferring $35 million related to OneCoin to an account in Hong Kong and about $6 million to an account in the United States. -
CZ announces Giggle Academy logo and design ideas
CZ has released the Giggle Academy Logo and its design concept. He hopes that the logo can showcase youthfulness, fun, positive energy, and growth while continuing the "Binance tradition": -
Grayscale Ethereum Trust to be listed on NYSE Arca
Grayscale Ethereum Trust (Grayscale ethereum trust) plans to go public on the NYSE Arca (New York Stock Exchange Growth Board Market) with the code "ETHE". -
NYSE Considers 24-Hour Trading Model to Counter Crypto Market Trends
The Financial Times reported that the New York Stock Exchange (NYSE) has had its data analysis team conduct a survey of its members to evaluate their interest in switching to 24/7 trading. The Financial Times stated that this idea has gained increasing attention in recent years, partly due to the increased activity of retail investors caused by the round-the-clock operation of cryptocurrency trading. -
Bitcoin mined an empty block at height 840421 7 minutes ago
On April 23, according to mempool data, an empty block (a block containing only one transaction, the Coinbase transaction) was mined at Bitcoin height 840421, with a time interval of only 27 seconds from the previous block height. -
BNB Chain’s high-risk DappBay alert list adds 7 new projects including AlphaOrBeta
BNB Chain updated its Dapp Bay high-risk DApp Red Alarm project list. The projects that were added to the list in the past 24 hours include AlphaOrBeta, Rocket Wallet, BIM Finance, Goose Finance, Uno Re, Anchor Finance, and Sashimi Swap.
Daily Must-Read
-
US Court to hear proposed remedies from Terraform Labs, Do Kwon in May
-
Bitcoin’s ‘euphoria phase’ cools, but a BTC bottom could be near — Glassnode
-
BlackRock's BUIDL becomes the world’s largest tokenized treasury fund
-
USA to forge AI partnership with Nigeria for economic growth
-
Bitcoin halving 2024: 5 ways it’s different this time
-
The 2024 Bitcoin halving is the “most bullish” setup for BTC price
All Comments