Tagged: 3ac

CFTC Files Charges Against Voyager Digital CEO, Alleges Massive Fraud

Voyager Digital, now bankrupt as part of the crypto collapse of 2022, is in the news once again as the Commodities Futures Trading Commission (CFTC) has filed charges against its former CEO, Stephen Ehrlich. The CFTC is alleging fraud regarding a commodity pool ploy. In… Read More

Three Arrows Capital Founder Arrested at Singapore Airport

Three Arrows Capital (3AC), a digital asset hedge fund, co-founder Su Zhu has been arrested at the Changi Airport in Singapore, according to multiple reports. 3AC was a catalyst in the crypto collapse of 2022. Things took a dramatic turn for the worse when TerraUSD/LUNA… Read More

Genesis Files for Bankruptcy After Holding Out for Weeks as Crypto Contagion Continues

Late last night, Genesis, part of the Digital Currency Group (DCG), filed for Chapter 11 bankruptcy protection as it looks to restructure in light of a challenging environment in the crypto sector which has impacted multiple firms. Genesis is a digital asset prime brokerage that… Read More

Crypto Failures Report: Digital Asset Platforms Lost Record $15.5 Billion in 2022

You may quibble about totals, but the value lost in digital assets during 2022 was pretty enormous. If you exited at the end of 2021 – congratulations. If you remained invested or HODLed. Sorry. On top of that, multiple centralized crypto platforms imploded, and the… Read More

Ugly. Three Arrows Capital (3AC) Liquidation Document Revealed

Three Arrows Capital (3AC) is shouldering part of the blame for the crypto contagion that has wreaked havoc on digital asset markets. The crypto hedge fund stumbled, and then imploded when crypto valuations rapidly declined – most dramatically represented by the collapse of TerraUSD/LUNA, an… Read More

Voyager Digital Goes Bust, Files for Bankruptcy Protection Due to Crypto Contagion

Voyager Digital (TSX: VOYG) (OTCQX: VYGVF), a digital asset trading platform, has filed for bankruptcy following a difficult couple of weeks for the company. Voyager is emblematic of crypto contagion fears as counter-party risk has caused several firms to pause operations or, in this case,… Read More

Uncollateralized Cryptocurrency Loans a “Ticking Time Bomb,” Huobi Research Institute Reports

The recent insolvency of hedge fund Three Arrows Capital (3AC) has not only led to a “cascade” of liquidity crises in the crypto industry, but also “shone a light on the significant risk posed by uncollateralized crypto loans,” according to a report by Huobi Research… Read More

Crypto Contagion: Voyager Halts All Withdrawals, Hires Law Firm, Advisors

Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF) has issued a statement indicating they have halted all withdrawals due to the collapsing crypto market. Voyager stated that as of 2PM today all trading, deposits, withdrawals and loyalty rewards have been suspended. Stephen Ehrlich, Chief Executive Officer of… Read More

Three Arrows Capital Forced Into Liquidation: Report

Three Arrows Capital (3AC), a large crypto hedge fund that held $10 billion in assets at one point, has been forced into liquidation according to a report. Earlier this week, Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF), a digital asset firm that lent over $650 million to… Read More

Three Arrows Capital Defaults on Payments, Voyager Digital Says it Will Pursue Recovery

Three Arrows Capital (3AC) has defaulted on a $670 million loan. Voyager Digital  (TSX: VOYG) (OTCQX: VYGVF) , a digital asset firm that had previously warned it had exposure to 3AC in regards to 15,250 Bitcoin (~$308 million) and $350 million (USDC) for over $650… Read More

Crypto Broker Broker Voyager Reportedly Sets Limits on Customer Withdrawals

Digital asset brokerage firm Voyager Digital Ltd. (TSX: VOYG) is reportedly limiting client withdrawals via its platform to $10,000 and to 20 transfers during a 24-hour timeframe. The New York-headquartered company, which secured $485 million in loans during the last week from Alameda Research in… Read More

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