The founders of Three Arrows Capital, a cryptocurrency hedge fund that collapsed last year, have been living in Bali and other parts of Southeast Asia since the failure of their company.

Crypto hedge fund Three Arrows Capital (3AC) has requested to be included in the bankruptcy mediation process for crypto lender Genesis Global. The request comes after Genesis sought to expand the mediator's mandate by two weeks.

Blockchain investigator ZachXBT has accused Pixel Penguin, an NFT project, of being a "charity project rug." The project gained attention for its supposed charitable donations, but members of the NFT community have alleged that the creator has profited from selling stolen art and may have lied about having cancer.

Sotheby's will auction off more non-fungible tokens (NFTs) seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), including high-value NFTs like Dmitri Cherniak's Ringers #879. The sale will feature 37 works from generative artists and will mark the largest-ever live auction of digital art. Highlights include Cherniak’s Ringers #879, purchased by 3AC co-founders Su Zhu and Kyle Davies in August 2021 for about $5.8 million, and Hobbs’ Fidenza #216, last sold for about $1 million in 2021. The upcoming auction follows a successful first NFT sale earlier this month, which brought in over $2.4 million.

Seven non-fungible tokens (NFTs) from bankrupt cryptocurrency hedge fund Three Arrows Capital were sold for about $2.5 million at an auction by Sotheby's. The highest price was fetched by "Fidenza #725," which was purchased for over $1 million. Singapore-based Three Arrows filed for bankruptcy in the British Virgin Islands in late June 2022, estimating its assets at around $1 billion, with its NFT collection valued at about $22 million. The market for NFTs exploded in 2021 but sales volumes and prices have since dropped as demand for speculative assets has cooled down.

Open Exchange, a new crypto exchange founded by Su Zhu and Kyle Davies, who previously ran the collapsed crypto hedge fund Three Arrows Capital, has been facing numerous problems since its launch in April. The exchange wants to let customers trade bankruptcy claims on failed crypto companies but has been reprimanded by a financial regulator, threatened with legal action by institutions it said were investors and rejected by some market makers. The damaged reputations of Zhu and Davies from the collapse of Three Arrows last year have contributed to these issues. Open Exchange is also acquiring CoinFLEX, which is going through restructuring after a single large investor didn't meet a margin call.

Su Zhu, co-founder of Three Arrows Capital (3AC), has obtained a restraining order against Arthur Hayes, co-founder of BitMEX, from a Singapore court. The order prohibits Hayes from using threatening or abusive language towards Zhu and his 3AC partner Kyle Davies. Hayes has been tweeting at Zhu and Davies, asking for $6 million he says is owed following the collapse of the fund last year. The court order prohibits Hayes from communicating with Zhu by any means and from publishing any identity information.

OPNX – the project created by the defunct hedge fund Three Arrows Capital (3AC) founders – has been controversial from the very start. The exchange has now been reprimanded for conducting unregulated activity.

Google Bard Tries To Gain ‘Coding Assist’ Edge Over ChatGPT; Coinbase Set To Launch Base Mainnet Within 2023; DRW Denies Investment in 3AC’s OPNX

DRW denied being an investor in OPNX, founded by 3AC executives, after the exchange said on Twitter it invested along side others.