Tagged: three arrows capital

October 12, 2023 @ 4:07 pm By JD Alois  |  

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

September 29, 2023 @ 5:06 pm By JD Alois  |  

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

January 20, 2023 @ 7:35 am By JD Alois  |  

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

January 6, 2023 @ 5:00 pm By JD Alois  |  

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

July 25, 2022 @ 9:44 am By JD Alois  |  

As was reported earlier, FTX has sent a proposal to Voyager Digital to effectively take over the company’s accounts while leaving the Three Arrows Capital (3AC) loans within the recovery process. FTX would open new accounts for remaining Voyager Digital account holders – potentially funding… Read More

July 19, 2022 @ 9:06 am By JD Alois  |  

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

July 15, 2022 @ 4:59 pm By JD Alois  |  

Following its bankruptcy filing, digital asset trading platform Voyager Digital (OTCPink: VYGVQ), has delisted its shares from the Toronto Stock Exchange (TSX). Voyager last traded at CDN $0.335 a share down from over $26/share in the past year. Voyager went bankrupt following a large loan… Read More

July 6, 2022 @ 9:58 am By JD Alois  |  

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

July 5, 2022 @ 8:13 am By Omar Faridi  |  

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

June 29, 2022 @ 11:10 am By JD Alois  |  

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

June 27, 2022 @ 2:08 pm By JD Alois  |  

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

June 24, 2022 @ 12:04 pm By Omar Faridi  |  

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

June 22, 2022 @ 2:05 pm By JD Alois  |  

Voyager Digital (TSX: VOYG) (OTCQX: VYGVF) has issued a statement updating on challenges regarding digital asset markets and a previously announced credit facility from Alameda Ventures. Alameda indirectly holds 22,681,260 common shares of Voyager representing about 11.56% of the outstanding common and variable voting shares…. Read More

June 15, 2022 @ 10:04 am By JD Alois  |  

Three Arrows Capital, Singapore/Dubai-based hedge fund that is invested in multiple blockchain firms, is fending off rumors of a possible liquidation event, according to a report by Reuters. In an opaque tweet, founder Zhu Su, said they are “in the process of communicating with relevant… Read More

September 17, 2021 @ 10:18 am By Omar Faridi  |  

Polychain and Three Arrows Capital have led a $230 million investment in the Avalanche public blockchain ecosystem. They’ve been joined by R/Crypto Fund, Dragonfly, CMS Holdings, Collab+Currency, Lvna Capital and several angel investors and family offices. The Avalanche Foundation will be using the funds from… Read More

October 28, 2020 @ 7:55 am By Omar Faridi  |  

As Bitcoin (BTC) approaches the $14,000 mark, the “institutional wave” continues and the global financial markets experience uncertainty around US fiscal stimulus, according to a report from OKCoin. The San Francisco-based crypto exchange notes that Bitcoin price has surged during the past week as “a… Read More

June 12, 2020 @ 5:31 pm By Omar Faridi  |  

Singapore-based Three Arrows Capital, a digital asset hedge fund, has reportedly become the first qualified investor to hold over 5% of Grayscale’s Bitcoin Trust (OTC:GBTC) shares. According to Grayscale, its Bitcoin Trust’s shares are the first publicly quoted securities “solely invested in and deriving value… Read More

April 9, 2020 @ 9:00 am By JD Alois  |  

Digital asset lending company BlockFi has received a strategic investment from Three Arrows Capital (TAC) via a secondary transaction, according to the company. Three Arrows Capital is a crypto hedge fund manager that focuses on emerging markets. TAC has reportedly been providing greater risk-adjusted returns… Read More