Kyle Davies, co-founder of Three Arrows Capital (3AC), has refused to apologize for the crypto hedge fund's bankruptcy during an interview on the Unchained podcast. Davies also declined to reveal his current location. He stated that he is not sorry for the company's bankruptcy, as it is a common occurrence, but he and his team are doing their best to add value and learn from their mistakes. Davies and Su Zhu co-founded 3AC in 2012 but suffered heavy losses in the mid-2022 crypto market downturn, leading to insolvency proceedings in multiple countries. Singapore's central bank issued a nine-year ban against the 3AC founders in 2023, and a worldwide court order froze over $1 billion in assets belonging to them.

0xScope, a Web3 data analysis company, has monitored that the value held by the 3AC liquidation wallet has risen to more than $1.1 billion, thanks to the rise of WLD and STRK, including $735 million of WLD and $330.82 million of STRK.

According to PShield monitoring, the clearing party Teneo of 3AC has transferred 34,750 USDC to the new address 0xc41ff…713c.

According to on-chain data, Teneo, the clearing party of Three Arrows, holds 134 million STRK tokens, making it the ninth largest holder of STRK.

Zhu Su, co-founder of Three Arrows Capital, posted a picture of a bull on X platform, indicating that he believes the bull market has arrived. Earlier, it was reported that the British Virgin Islands court ordered the freezing of Zhu Su's assets worldwide, totaling approximately $1.144 billion.

The Block reported that Teneo, the liquidation company of 3AC Capital, estimated that creditors could recover about 45.74% of the assets from the bankruptcy assets.

Crypto lender Genesis, which is facing bankruptcy, has requested court approval to reduce the claim of defunct hedge fund Three Arrows Capital (3AC) from over $1 billion to $33 million as part of its Chapter 11 reorganization efforts. Genesis will also forfeit its claims to an undisclosed amount of AVAX and NEAR tokens. The proposed settlement is aimed at avoiding prolonged litigation and facilitating a smoother and more efficient reorganization process. The settlement proposal is pending approval by Judge Sean Lane at the U.S. Bankruptcy Court for the Southern District of New York, with a hearing scheduled for November 30.

According to the Wall Street Journal, SBF admitted in Monday's hearing that some crypto companies have special privileges on FTX. When asked by prosecutors if FTX customers could use their equity in external investments as collateral for the exchange, SBF said that a company called Crypto Lotus could do so, which is associated with Three Arrows Capital.

Crypto exchange WOO has announced plans to buy back its own shares and tokens previously acquired by failed hedge fund Three Arrows Capital as part of WOO's Series A funding round. The repurchased tokens will be sent to a burn address, and WOO plans to increase the ownership of all other shareholders proportionally. The company declined to disclose the total value of the repurchased shares and tokens. Three Arrows Capital was WOO's largest investor in its Series A round, purchasing equity along with 25 million WOO tokens.

The founders of Three Arrows Capital, Kyle Davies and Zhu Su, have been issued a nine-year prohibition order by the Monetary Authority of Singapore (MAS) for allegedly violating securities laws. The order prohibits them from engaging in regulated activities, managing, acting as directors, or being substantial shareholders of any capital market services business during the prohibition period that began on September 13.