Worldcoin's surge offers hope for bankrupt firms Three Arrows Capital and Alameda Research. Creditors benefit from rally, easing financial strain. Despite retracement, optimism remains high with AI advancements driving Worldcoin's trajectory.
Edmund3AC's other Co-Founder Kyle Davies is still at large, and his whereabouts remain unknown.
ClementThree Arrows Capital (3AC) liquidators will soon sell the bankrupt firm's NFT collection. Proceeds from the sale will go towards paying back creditors.
BeincryptoThey are looking for a seed fund of $25 million for an exchange that will allow trading crypto claims.
BeincryptoHere is a timeline of the major crypto bankruptcies in the past six months.
The BlockGenesis Trading held on after confirming its 3AC exposure, while parent company Digital Currency Group took some responsibility after losses.
CointelegraphOnce the most revered hedge fund in crypto, Three Arrows Capital has gone bust. As it turns out, its holdings of Deribit shares may be much smaller than reported.
CointelegraphAccording to the MAS managing director, TerraForm Labs, Luna Foundation Guard, and Vauld were “not licensed or regulated" by Singapore's financial watchdog.
CointelegraphLiquidators don't know the whereabouts of Kyle Davies and Su Zhu. Meanwhile, Grayscale's legal officer says the asset manager's lawsuit against the SEC could take a while to play out.
CointelegraphMAS said that the company had assets under management in excess of the permitted amount, and provided false information.
Cointelegraph