Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arr...
According to a recent report from Sky News citing a source familiar with the matter, “cryptocurrency insiders” have said that the troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Virgin Islands (BVI) court. The report does not disclose what type of assets face liquidation, but the sources remarked that “the [3AC] liquidation would be a significant moment in the current unraveling of the cryptocurrency sector.” 3AC Reportedly Liquidated by British Virgin Islands Court System — Reporter Says Immediate Financial....
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The order reportedly came on the same date with Voyager Digital issuing a notice of default to 3AC for its failure to pay its 15,250 Bitcoin and 350 million USDC loan. Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation.A court in the British Virgin Islands on June 27 ordered the liquidation of Singapore-based 3AC, the British news agency Sky News reported on Wednesday.The information in the report refers to an unspecified person familiar with the matter. Three Arrows Capital did not immediately....
Zhu, whose whereabouts had been unknown for weeks, delivered an affidavit that disputed Teneo claims and elucidated the internal structure of the failed hedge fund. According to a document seen by Bloomberg, Zhu delivered the affidavit in person on Aug. 19. In it, Zhu states that Teneo “had not provided an entirely complete or accurate version of events” to the Singapore court, which granted Teneo’s request for access to 3AC records in Singapore on Aug. 22. Teneo, an advisory firm, was appointed in June to liquidate 3AC assets by a court in the British Virgin Islands, where Singapore-based....
Unconventional actions are being taken by the liquidators of the collapsed crypto hedge firm Three Arrows Capital to compel the fund’s founders into complying with the law’s due process. After a British Virgin Islands court apparently placed the company into liquidation at the end of June, the Singapore-based firm filed for Chapter 15 bankruptcy in a […]
Huobi positions its subsidiary Brtuomi Worldwide as one of the first exchanges to provide compliant crypto derivatives and trading services in the British Overseas Territory. Major cryptocurrency exchange Huobi continues to expand its global footprint by entering the British Virgin Islands, a British Overseas Territory.Huobi officially announced on Friday that it secured an investment business license from the Financial Services Commission (FSC) of the British Virgin Islands. The approval allows Huobi to operate a virtual asset exchange under the subsidiary Brtuomi Worldwide Limited....
Rumor has it that they are heading to or already in Dubai, says a lawyer with 30 years of experience. But can they stay there forever? The creators of Three Arrows Capital are missing, according to reports, when court-appointed liquidators visited the firm's Singapore headquarters recently, all they discovered was a locked door and a stack of outdated mail.Singapore-based 3AC is among the flagship cryptocurrency firms that have crumbled under bear pressure and faced liquidity issues driven by the market sell-off in recent weeks. In June, a court in the British Virgin Islands, where 3AC had....