On July 1, the firm filed for Chapter 15 bankruptcy protection from U.S. creditors in the Southern. All rounded edges, the five decks one with a glass-bottom pool were made for July on the Mediterranean, sunset dinners among the islands near Sicily, cocktails in the turquoise shallows off the coast of Ibiza. Illuvium council member Deraji pointed out that the community made their stand and highlighted that the event risks the reputation that the DAO worked hard to build. Although the staff complained of long hours, Zhu was reluctant to hire new people, worried that they would leak trade secrets, says the friend. But then when they came to crypto, everyone thought they were geniuses.. Thats where Three Arrows Capital found itself by the middle of January 2022, and it was poorly equipped to weather it. ), After the firms traders stopped responding to messages, lenders tried calling, emailing, and messaging them on every platform, even pinging their friends and stopping by their homes before liquidating their collateral. 09/binance-ceo-cz-s-net-worth-billionaire-holds-world-s-biggest-crypto-fortune. Jun. With a few billion. The former VP has an extremely narrow path to viability in 2024. The fund is now being dissolved due to 3ACnot being able to meet margin requirements from creditors. (Friends say that Davies eventually upgraded to a GCB too, after becoming a citizen of Singapore, but that the house was still under renovation and he hadnt yet moved in.). Its all about not looking soft on crime. In reality, they werent weird at all just shy.. Just as the firm reaped the rewards when there was a premium, it felt the pain when GBTC began trading at a discount to bitcoin. Founders of $10 Billion Crypto Hedge Fund Have 'Ghosted' After Bets Go Bad Three Arrows Capital, founded by two high school friends, is MIA as firms scramble to assess the damage amid. Zhu complained to acquaintances about the low caliber of his banking colleagues and a bloated culture that allowed people to lose the firms money on a trade with little consequence; in his view, the best talent had already decamped for hedge funds or struck out on their own. Davies and Zhu launched the fund in 2012, reportedly from a kitchen table in their apartment. Its largest holdings were in Ethereum at the time, with Davies saying the "ultimate goal of my book is to outperform Bitcoin.". Will others follow? [40] Three Arrows Capital owes 27 creditors a total of US$3.5 billion.[41]. The fund has amassed over 21 million GBTC shares, worth nearly $259 million or just over 20,230 bitcoins. [1][33][34] On 2 July 2022, the fund filed for Chapter 15 bankruptcy to protect its US assets from creditors. Despite the turbulence created by Musks tweets, Davies said hes less worried about the billionaires influence on the crypto market with each passing day. [31] On 27 June 2022, Voyager Digital issued a notice of default against Three Arrows for failing to make the required payments on a Bitcoin and USD Coin loan worth more than $665 million. I dont see anyone really being that spooked.. But Zhu wasn't just any laser-eyed crypto trader. Now everyone from retail day traders to bankers are jumping in: CNBC reported this month that Aziz McMahon, head of emerging market sales for Goldman Sachs in London quit the bank after making a fortune trading cryptocurrencies for himself. Neither says the word supercycle, but the reference is clear enough. Former traders for Credit Suisse, Davies and Zhu, the two are among the Wall Street pioneers whove embraced crypto, along with Dan Morehead of Pantera Capital and Mike Novogratz of Galaxy Digital. Investments include InsurAce, which provides insurance services, and CDEX, a cryptocurrency swap platform. Vish Burra, the congressmans director of operations, met me on Staten Island to explain the plan to make Santos president? Some peered through the door of 3ACs Singapore office, where weeks of mail was piled up on the floor. Weve not always been long Ethereum, in fact weve been short for periods of time, too. Three Arrows used company money to buy a superyacht called Much Wow. 2024 Polls Show DeSantis Cant Easily Knock Out Trump. McGarraugh says Davies told him that if the crypto market continued to decline, 3AC would not be okay. That was the last time anyone at Blockchain.com spoke to Davies. He's proud of having called the bottom of the yearlong "crypto winter". By the end of that year, it was overseeing more than $2.6 billion in assets and $1.9 billion in liabilities. At a dinner around 2015, Davies lamented to another trader about how hard it was to raise money from investors. So many people feel disappointed and some of them embarrassed, says Alex Svanevik, the CEO of Nansen, a Singapore-based blockchain-analytics company. But hedged strategies tend to spin off the most money when executed at scale, so Three Arrows began borrowing money and putting it to work. When lenders asked Three Arrows to put up collateral, it often pushed back. During a press conference, the mayor said his words about not believing in the separation of church and state were just his own beliefs. After COVID, I got a personal trainer. Showing photos of the side-by-side mansions, Zhu told friends he had purchased his new seven-bedroom property a 17,000-square-foot compound that looks like a fortress with hedge-lined fences and imposing Roman columns from the consul of Azerbaijan. Theres no other way to state it thats fraud, they lied. Genesis Global Trading had lent Three Arrows the most of any lender and has filed a $1.2 billion claim. cryptocurrency Founders who 'cannot be trusted' and a $50 million yacht: New Three Arrows. It was unclear where those funds subsequently went, the liquidators wrote in their affidavit. It was there that Zhu learned the art of arbitrage attempting to capture small variations in relative value between two linked assets, typically selling the one thats overpriced and buying the one thats underpriced. With a few billion dollars under management, it was far from massive by Wall Street standards. George Condo's "Staring into Space": +31.7% net IRR (2020-2022) Banksy's "Mona Lisa": +32% net IRR (2019-2020) . When theres a lot of despair, you can start buying, he said deadpan at a podcast recording for the FTX exchange. They are certainly sociopaths, says one former friend. Davies was aware of the risk this posed to Three Arrows, and on a September 2020 episode of a podcast produced by Castle Island, he admitted he expected the trade would fade. College together was at Columbia, where they both took a math-heavy courseload and joined the squash team. [8][9] In its early years, the company was focused on arbitraging emerging-market foreign-exchange derivatives and engaged in the practice of finding mispriced derivatives on electronic platforms and keeping them even if banks asked to cancel or amend the trades. Privacy Policy and Be a smarter, safer investor in eight weeks. LUNA also collapsed after TerraUSDs depegging from the dollar, which in turn was detrimental to 3AC. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle . A few days later, Davies gave an interview to The Wall Street Journal in which he noted he and Zhu were still believers in crypto but admitted, The terra-luna situation caught us very much off guard., Zhu started trying to get rid of at least one of his good-class bungalows; at the same time, the firm started moving its money around. This email will be used to sign into all New York sites. Although Zhu has his reasons for needing to sell the property, local media reports suggest the . And then in the bad times we lost the most.. EOS. Then it would do it all over again, continuing to grow its pool of investments, which would allow it to borrow even larger sums. I suspect they might be 80 percent of the total original contagion, says Sam Bankman-Fried, who as CEO of FTX, a major crypto exchange that has bailed out some of the bankrupt lenders, has perhaps more visibility on the problems than anyone. Rumors that the firm was collapsing seized Twitter, further fueling the larger crypto sell-off. We firmly believe they committed fraud. News and analysis for the professional investor. Three Arrows Capital co-founder Su Zhu had a $1.4 billion stake in the offshore fund that pooled together the crypto funds assets, according to an affidavit from co-founder Kyle Davies. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Her would-be captains showed off pictures of the $50 million vessel at parties, bragging that it would be bigger than all of the richest billionaires yachts in Singapore and describing plans to adorn the staterooms with projector screens, creating a waterborne gallery for their growing collection of digital art in the form of NFTs. You can follow this story further on Su Zhu's public Twitter account. Three Arrows Capital focuses exclusively on cryptocurrencies like Bitcoin. For Americas wage laborers, a 32-hour workweek is less of a beautiful dream than an oppressive reality. Mike Pences 2024 Strategy Totally Depends on Iowa Evangelicals. A few hours later, Odell informed Zhao that it would need to call back a significant portion of its $270 million loan and would take payment in dollars or stablecoins. Zhu Su, founder of Three Arrows Capital, encapsulated this sentiment, listing out Samani and Jain's investments, adding "I gotta say, [M]ulticoin has . With his schoolmate Kyle Davies, he ran Three Arrows Capital, one of the largest crypto hedge funds in the world. On July 21, Zhu and Davies gave an interview with Bloomberg from an undisclosed location. The interview is extraordinary for several reasons Zhu protests the headlines about his free-spending lifestyle by noting that he bikes to work, doesnt go clubbing, and only has two homes in Singapore but also because the partners blame 3ACs implosion on their failure to foresee that the crypto market could go down. The Joint Liquidators are Russell Crumpler and Christopher Farmer, both Senior Managing Directors of Teneo. [17] According to a January 2021 SEC filing, Three Arrows owned almost 39 million units of Grayscale Bitcoin Trust (GBTC) at the end of 2020. A lending boom had taken hold of the crypto industry, as DeFi (short for decentralized finance) projects offered depositors much higher interest rates than they could get at traditional banks. As crypto supercycle continues, there will be more and more people trying to larp how early they were, Zhu tweeted last year. The Funds investment objective is to achieve consistent market neutral returns while preserving capital, 3ACs official documents read. We suspect that Three Arrows attempted to pledge some pieces of collateral to many people at once, says Bankman-Fried, the CEO of FTX. Three Arrows Capital once boasted a net worth of $10 billion. In the fund's last public statement, the fund claimed a net asset value of $18 billion. Three Arrows would, through its borrowing desk, take custody of cryptocurrency that belonged to employees, friends, and other rich individuals. Some business acquaintances in Singapore described the 3AC founders as playacting characters from a 1980s Wolf of Wall Street trading floor. Zhu Su and Kyle Davies founded Three Arrows Capital to invest in cryptocurrency projects and assets in 2012. Zhu Su: 100k eth is dust fwiw Today, he is sending all the left over balance from his wallets to CEX so that he can get as much money as possible. Now, both Zhu Su and Kyle Davies are missing, reports The Verge. Three Arrows Capital has made 2 diversity investments. Now, the firm is battling its biggest crisis yetand the impact could send shockwaves through the entire industry. Then in early May, luna suddenly collapsed to near zero, wiping out more than $40 billion in market cap in a matter of days. Well its just to own Ethereum. The firm seemed rather indiscriminate about these bets, almost as if it viewed them as a charity. [36] The firm's CEO, Stephen Ehrlich, attributed the decision in part due to Three Arrows' inability to pay back its loan from Voyager. On May 5, 2021, with Three Arrows at the height of its fortunes, Zhu tweeted a 2012 photo of the firm in its earliest days, when he and Davies traded foreign currencies out of a two-bedroom. This button displays the currently selected search type. The duo described the collapse as "regrettable . Florida Republican Wants to Cancel Democrats Over Slavery. Three Arrows Capital co-founder Su Zhu had a $1.4 billion stake in the offshore fund that pooled together the crypto fund's assets, according to an affidavit from co-founder Kyle Davies. Davies had a hipster vibe. I would be pretty surprised if that was the entire extent of misrepresentations here; that would be a pretty weird coincidence. Su Zhu and Kyle Davies, the founders of the infamous crypto hedge fund Three Arrows Capital (3AC), have been issued subpoenas through Twitter to provide documents related to its demise. Everyone in crypto, from the largest lenders to wealthy investors, seemed to have lent 3AC their digital coins, even 3ACs own employees, who deposited their salaries with its borrowing desk in exchange for interest. Nowhere is the lab-leak debate more personal than among the experts investigating the origins of COVID. After the collapse, executives at crypto exchanges began comparing notes. They seemed frustrated by their inability to get Three Arrows to the next level, though. In the affidavit, filed on June 27 under the pseudonym Robert Gardner, Davies goes on to say that because of the recent crypto market downturn, much of the value of these investments have been wiped out. Three Arrows Capital is a Singapore-based hedge fund. Prior to the fund getting liquididated, SuZhu had an estimated net worth of $1 billion based on his crypto fund and other investments in high-end Real Estate in Singapore. (1 minute) Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisers to help work out a solution for its investors and lenders, after suffering heavy. Fox News Is Reportedly Shadowbanning Donald Trump. [28], In October 2022, it was reported that Three Arrows capital was under investigation by both the U.S. Securities and Exchange Commission and the Consumer Financial Protection Bureau to determine whether or not the firm had misled its investors over the status of its balance sheet, and if the firm should have registered with both agencies. Davies has even held to that perspective in recent weeks just prior to the 3AC liquidation order. Davies is one of the two co-founders of the bitcoin hedge fund Three Arrows Capital. When he became wealthy, Davies went to some trouble to purchase and customize a Toyota Century, the exclusive model of limo drivers in Japan. Around that time, there were signs that Three Arrows was hitting a cash crunch. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says, With Congress Impotent, Courts Are the Only Option for Fighting SEC Overreach, Silvergate Closes SEN Platform Institutions Used to Move Money to Crypto Exchanges, Binance.US Is Operating 'Unregistered Securities Exchange,' SEC Official Says. Three Arrows owned almost 39mn units of GBTC at the end of 2020 then worth $1.2bn, according to its last report to the SEC in January 2021. 3AC was slapped with a default notice on a loan amounting to around S$940 million (based on Bitcoin's . It was a strategy the banks detested Zhu and Davies were essentially scooping up money these institutions would otherwise keep. Kyle Davies and Su Zhu first met at Phillips Academy and both studied at Columbia University before working for Credit Suisse for brief spells, prior to setting up Three Arrows in 2012. They had ample opportunity to get out with a graze but not blow themselves up, says Fauchier. Offers may be subject to change without notice. You dont have to follow the despair.. Sometimes, when banks realized theyd quoted Three Arrows the wrong price, they would ask to amend or cancel the trade, but Zhu and Davies wouldnt budge. The yacht has since become the subject of endless memes and jokes on Twitter, the functional center of the crypto universe. [28] Three Arrows was further reprimanded for providing false or misleading information to MAS, and failing to notify MAS of changes to directorships or shareholdings. Since the firm filed for bankruptcy, the liquidators hadnt been able to get in touch with Zhu and Davies until just before press time and still dont know where they are, according to people familiar with the situation. With $198mm in borrowings against it, at a 85% liquidation threshold, a -11% move in ETH to $1,042 will liquidate it. Yet it may not be a loss for the left. Zhu lent the firm just over $5 million according to an affidavit submitted by Davies to the Eastern Caribbean . They built 3AC into a crypto-trading behemoth before its collapse bankrupted creditors and exacerbated a selloff that foisted . Despite the hype about Ron DeSantis surging past Donald Trump, both Republicans look unusually strong at this early stage of the presidential race. Co founders of cryto currency company Three Arrows, Kyle Davies and Su Zhu. Only the two of them could move money between certain crypto wallets, and most Three Arrows employees had no idea how much money the company was managing. Records from the Land Authority show the couple moved the house's title to a trust for their three-year-old child in March. After reaching a record high of $20,000 in late 2017, the cryptocurrency crashed to $3,000, dragging with it thousands of smaller coins in the market. While many of the early devotees fortunes rose and fell on the currencys price swings, crypto wealth is quickly turning into real dollars for some, whether through initial public offerings or companies that bring in traditional revenue. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. The second-largest retail pharmacy chain wont buck Republican attorneys general. He sent Blockchain.com a simple, one-sentence letter with no watermark, asserting that the firm had $2.387 billion under management. 2023 BuyBitcoinBank, All rights reserved. You\'ll receive the next newsletter in your inbox. Before you know it, the pretend billionaire is a real billionaire shopping for super-yachts. [3][4][5] The company borrowed billions of dollars to fund its trading, and according to July 2022 bankruptcy filings, faces $3.5 billion in creditors' claims. 26 Lehman Brothers was reputed to be in the "Too Big To Fail" ca tegory with 2007 revenues of USD$59 Billion - Three Arrows was known for high staff turnover, most notably among the traders, who groused that they never received recognition for winning trades but were insulted as stupid when they screwed up even their wages were garnished and their bonuses reduced. The Key Moments From Alex Murdaughs Testimony and Murder Trial. The Crypto Billionaire is in early talks to buy S$49m or $36 million worth GCB. Kate Bedingfield, Bidens Translator, Leaves the White House. Some sources report that he still has a large amount of money tied up in his own personal investments and assets, while others assume that with the liquidation of Three Arrows Capital all of his funds were lost. Like, if we ever left and really messed it up hard, we would definitely get another job.. Since launching in 2012, Su Zhu and Kyle Davies' Three Arrows Capital grew to become one of crypto's largest and most respected hedge funds. Cointelegraph also reported that a whistleblower revealed 3AC's purchase of LUNC (formerly LUNA) that was worth $560 million at the time, but had dropped to a worth of just $1,000. [3] [4] [5] The company borrowed billions of dollars to fund its trading, and . Three Arrows Capital sold at least $40M worth of Lido's staked Ether early Tuesday, making it the largest seller of the token in the past week. In August, two of the funds minority partners, who were based in Hong Kong and routinely worked between 80 and 100 hours a week managing much of 3ACs operations, simultaneously retired. They grokked the game, and the plan worked perfectly until it didnt. Still, crypto enjoyed a bull run that lasted into April, with bitcoin hitting a record above $60,000 and dogecoin, a cryptocurrency started as a joke, rocketing off on an irrational Elon Muskboosted rally. Meanwhile, Three Arrows was making similar representations to at least half a dozen lenders. Now theyre among the worlds biggest crypto holders with a portfolio worth billions of dollars. Zhu and Davies are currently believed to be in hiding, Do Not Sell or Share My Personal Information. After the jury found Murdaugh guilty of murdering his wife and son, he was given two consecutive life sentences. Parents and patients are now refuting her key claims. In Tennessee, Even Abortion to Save a Womans Life May Be Illegal. On June 16, DRB Panama said on-chain data showed that 3AC transferred $10.9 million worth of USDT to an unknown address. Its value was tied to an associated stablecoin called terraUSD. The inference drawn from this Tweet is that they are in the process of their insolvency and are looking to pay back creditors. But before the show aired, Davies requested that the segment be edited out; the firm obliged. In a letter sent to 3AC, DRB Panama terminated its loan agreement with the hedge fund and demanded immediate repayment of $80 million. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies, once managed an estimated $10 billion in assets. But Zhu wasnt just any laser-eyed crypto trader. 2 min read Three Arrows Capital, a cryptocurrency hedge fund founded in 2012 by. It represents the beginning of a fascinating journey, the yacht broker said in an announcement of the sale last year, saying it looked forward to witnessing many happy moments aboard. The name the buyers had in mind was cleverly chosen an inside joke nodding to the cryptocurrency dogecoin that would both thrill their social-media acolytes and be intelligible to all the pathetic, poor no coiners out there: Much Wow. Want to list your Crypto brand? articles a month for anyone to read, even non-subscribers. Three Arrows seems to have kept all the money in commingled accounts unbeknownst to the owners of those funds taking from every pot to pay back lenders. Zhu and Davies kept the inner workings of the firm cloaked in secrecy. Education In 2006, Su Zhu graduated from Phillips Academy. Emily Kohrs didnt do anything wrong, and the medias harsh treatment of the Fulton County foreperson was a gift to Trumps lawyers. (Zhu later told Bloomberg News, Theyre gonna, you know, say that I absconded funds during the last period, where I actually put more of my personal money back in.). Su was the smartest person in our class, remembers a fellow student. ET With the news that Three Arrows Capital (3AC) must liquidate, co-founder Kyle Davies may be facing a severe hit to his wealth. Deribit, which was founded in 2016, was the ninth largest crypto derivatives exchange at the time of writing, having seen $1.1 billion in volume over the past day, according to CoinMarketCap. He has heavy disdain for a lot of mainstream, popular stuff, says a onetime friend. Their most recent diversity investment was on Jan 13, 2022, when NEAR raised $150M. Zhu and Davies in their senior year at Andover in 2005. His experience and expertise will no doubt be of great value to any investor or organization seeking to gain insight into this rapidly developing sector. In his affidavit, Davies said 3AC was overwhelmed with claims and/or queries from its lenders and investors, and had received default and demand notices from 32 of its creditors. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The crashes are so severe that insiders call it crypto winter, and the season can last years. Founded by Su Zhu and Kyle Davies, Three Arrows Capital is a hedge and crypto fund manager that focuses on emerging markets and has been providing greater risk-adjusted returns for nearly a decade. The crisis at Three Arrows Capital was highlighted earlier this month when Voyager Digital, a crypto broker, said it was considering issuing a default notice in relation to a loan worth hundreds of millions of dollars. Zhu, 34, is the co-founder and CEO of Singapore-based hedge fund Three Arrows Capital Ltd. In reality, Three Arrows was scrounging for funds just to pay its other lenders back. Her buyers, Su Zhu and Kyle Davies, two Andover graduates who ran a Singapore-based crypto hedge fund called Three Arrows Capital, never got the chance to spray Champagne across Much Wows bow. Local newspaper Business Times reported in late June that so far this year the volume of transactions for detached homes were less than a third of the volume in 2021. One famous trading strategy was known as the kimchee premium it involved buying bitcoin in, say, the U.S. or China and selling it at a higher price in South Korea, where the exchanges were more tightly regulated, resulting in higher prices. But there is a working theory. A Florida bill takes a ridiculous GOP argument to the extreme, aiming to eliminate the Democratic Party for its ancient ties to white supremacy. A basic thing to know about crypto is that, so far anyway, it has been subject to a progression of extreme but roughly regular boom-and-bust cycles. These are also the kinds of lenders you want to make whole before anyone else, but you may have to route the money through the Caymans. Ironically, Crumpler writes that mid-June, when co-founder Su Zhu sent his now infamous tweet saying that 3AC was in the process of communicating with relevant parties, is the same time that the firm appears to have stopped engaging with its creditors. After the implosion of FTX, Su Zhu has become significantly more active on his Twitter account. After that, he and Zhu stopped answering their lenders, partners, and friends. Three Arrows holdings in luna, once roughly half a billion dollars, were suddenly worth only $604, according to a Singapore-based investor named Herbert Sim who was tracking 3ACs wallets. He is a regular contributor to CNBC, Bloomberg, and other financial news outlets. "Bloomberg Opinion" columnists offer their opinions on issues in the news. Any potential losses will be covered by Deribit. If all went well, it could generate profits that more than covered the interest it owed on the loan. But then, Three Arrows Capital has made 56 investments. I didnt think they could be stupid enough to be doing this with their own money. United States District Court for the Northern District of California, "Crypto hedge fund Three Arrows Capital plunges into liquidation", "Crypto Hedge Fund Three Arrows Files For Chapter 15 Bankruptcy", "Singapore-based crypto hedge fund's cryptic tweet fuels speculation over losses", "Battered Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout", "Ethereum ($ETH), Not Bitcoin ($BTC), Favorite for These Crypto Whales", "Three Arrows Liquidators Seize $40 Million as Asset Probe Widens", "Founders of $10 Billion Crypto Hedge Fund Have 'Ghosted' After Bets Go Bad", "The Crypto Geniuses Who Vaporized a Trillion Dollars", "Cryptocurrency 'bloodbath' threatens multibillion-dollar hedge fund", "Crypto Hedge Fund's Tweet Fuels Speculation Over Losses", "Silicon Valley bets on crypto projects to disrupt finance", "Three Arrows Capital's Zhu Su speaks out after $400 million liquidation due to Celsius and Terra's LUNA fiasco", "Three Arrows Capital Invests In Worldcoin", "Three Arrows Capital Invests In BlockFi After Its Series B Round", "WOO Network raises $30M Series A from Three Arrows Capital, PSP Soteria Ventures, Gate Ventures, QCP Capital, Crypto.com Capital, and others", "A major crypto hedge fund is wobbling as $10 billion Three Arrows Capital sees a spate of liquidations", "What Happened to TerraUSD's Bitcoin Reserves", "Some investors got rich before a popular stablecoin imploded, erasing $60 billion in value", "Three Arrows Capital Moving Headquarters to Dubai From Singapore", "Dubai regulator says 3AC does not have a license to operate in the emirate", "Why cryptocurrencies have gone from the next hot thing to a full-on meltdown", "Terraform Again Halts Blockchain Behind UST Stablecoin, Luna", "YCharts GBTC Discount or Premium to NAV", "Patterson v. TerraForm Labs Pte Ltd. et al", "MAS Reprimands Three Arrows Capital for Providing False Information and Exceeding Assets Under Management Threshold", "US Regulators Probing Bankrupt Crypto Hedge Fund Three Arrows Capital", "Crypto hedge fund Three Arrows fails to meet lender margin calls", "Crypto Broker Voyager Digital Says Three Arrows Capital Hasn't Repaid $666 Million in Loans", "Crypto hedge fund Three Arrows Capital in default on $665 million loan", "Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate", "Three Arrows liquidators asks U.S. court to force crypto founders to cooperate", "Crypto hedge fund Three Arrows files for bankruptcy", "Crypto Crash Leaves NWSL Players Empty-Handed as League Mulls Cash Payout", "Cryptocurrency broker Voyager Digital files for bankruptcy protection", "Crypto hedge fund's collapse leaves behind angry lenders and a $150 million "Much Wow" yacht", "Three Arrows Founders' Whereabouts Are Unknown, Foiling Liquidators", "3AC-BVI-Liquidation-Recognition-1st-Affidavit-of-Russell-Crumpler-Filed", "Three Arrows Founders Break Silence Over Collapse of Crypto Hedge Fund", https://en.wikipedia.org/w/index.php?title=Three_Arrows_Capital&oldid=1142176472, Singaporean companies established in 2012, Financial services companies established in 2012, Companies that filed for Chapter 11 bankruptcy in 2022, Pages containing links to subscription-only content, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 28 February 2023, at 23:07.
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