Founders of bankrupt crypto hedge fund 3AC go missing, as investors try to recoup assets

Crypto Stablecoin Market

The co-founders of failed crypto hedge fund Three Arrows Capital appear to be on the run from creditors, according to court documents recently filed in New York. Lawyers representing the creditors say the physical whereabouts of Zhu Su and Kyle Davies, who started Three Arrows in 2012, are “currently unknown,” ahead of a hearing that is scheduled … Read more

Crypto brokerage Voyager Digital files for Chapter 11 bankruptcy protection

Voyager Crypto App: Buy BTC ETH SHIB

KEY POINTS Voyager commenced bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern District of New York on Tuesday. The company suffered huge losses from its exposure to crypto hedge fund Three Arrows Capital, which went bust last week. Sam Bankman-Fried’s Alameda Research is listed as Voyager’s largest creditor, with an unsecured claim of $75 … Read more

Another crypto lender Vauld pauses withdrawals as market crash takes its toll

Cryptocurrency bitcoin crash

Key Points: Crypto lender Vauld on Monday paused all withdrawals, trading and deposits on its platform and is exploring potential restructuring options, the company said. Vauld said it is facing “financial challenges” due to “volatile market conditions” which has led to customers withdrawing more than $197.7 million from the platform since June 12. Vauld is the latest … Read more

Five reasons why bitcoin had its worst quarter in more than a decade

Bitcoin crashes 60% - will the cryptocurrency crumble or come back with a vengeance?

Key Points: Bitcoin lost about 58% of its value in the second quarter of 2022, posting its worst quarterly performance since 2011. Macroeconomic issues, such as rising interest rates and rampant inflation, led to a sell-off in stocks and filtered through to the cryptocurrency market. But the industry has also seen a wave of liquidity … Read more

Bitcoin just had its worst month on record

Cryptocurrency bitcoin crash

Key Points: Bitcoin just finished its worst month in the 12 years that it’s been available on exchanges, losing more than 38% of its value in June as of Thursday afternoon. Ether, the world’s second-biggest cryptocurrency by market capitalization, ended the same period down by about 47%. Bitcoin just finished its worst month on record, losing more than 38% of its value … Read more

Crypto hedge fund Three Arrows Capital plunges into liquidation as market crash takes toll

Cryptocurrency bitcoin crash

Key Points: Major cryptocurrency hedge fund Three Arrows Capital has fallen into liquidation, a person with knowledge of the matter told CNBC. Teneo Restructuring has been brought on board in the last few days to deal with the liquidation process. A slump in digital currency prices, which has seen billions of dollars wiped off the … Read more

One of the most prominent crypto hedge funds just defaulted on a $670 million loan

Bitcoin rallied to record highs in 2021 but in 2021 it's moved in the opposite direction

Key Points: Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating that the fund failed to repay a loan of $350 million in the U.S. dollar-pegged stablecoin, USDC, and another 15,250 bitcoin, worth about $323 … Read more