Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Furthermore, members of the Illuvium community have frequently expressed their disapproval of Su Zhu, citing his involvement in the bankruptcy of Three Arrows Capital (3AC). A concise wrap of the day on the markets, breaking business news and expert opinion delivered to your inbox each afternoon. Some business acquaintances in Singapore described the 3AC founders as playacting characters from a 1980s Wolf of Wall Street trading floor. I strongly suspect that they made more., Bear markets in crypto tend to make any stock-market action look like childs play. We werent the best of friends all the way through, he said on a crypto podcast in 2021. And a chatbot is not a human. 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. (PDF) The Financialization of Crypto: Lessons from FTX and the Crypto According to friends, Zhu had a conscious plan to become a Twitter celebrity: It entailed tweeting a lot, pandering to the crypto masses with outrageously bullish prognostications, racking up a huge number of followers, and, in turn, becoming an apex predator on Crypto Twitter, profiting at the expense of everyone else. Brian Armstrong, co-founder of crypto-wallet Coinbase Global, has a net worth of $9.3 billion after his firm's IPO, according to the Bloomberg Billionaires Index, while Binance's Changpeng Zhao created the world's largest crypto exchange. Other arbitrage opportunities had dried up. Coupled with its recent tightened rules on crypto trading, Singapore is slowly losing pace. Teneo has been appointed as "joint liquidators" of Three Arrows Capital through the court order. Digital asset brokerage Voyager Digital issued a notice on Monday morning, stating. Plays Incompetent Willy Wonka at CPAC. The sport desperately needs to change, no matter how loudly purists complain. 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. The following year, he bought another one in his daughters name for $35 million. Whats the best way to beat bitcoin right now? [18] The firm invested approximately $200 million in LUNA tokens in February 2022. But there was another snag: Three Arrows owned the Deribit stake with other investors, who refused to sign off on using their shares as collateral. As the death spiral unfolded, Scott Odell, a lending executive at Blockchain.com, reached out to the firm to check in about the size of its luna hit; after all, the loan agreement stipulated that Three Arrows notify the company if it experienced an overall drawdown of at least 4 percent. Three Arrows Capital focuses exclusively on cryptocurrencies like Bitcoin. Crypto hedge fund Three Arrows Capital (3AC) had signs of mismanagement before its ultimate collapse. 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. After COVID, I got a personal trainer. . Title searches show Zhus wife, Tao, owns another detached house, currently being renovated, worth S$28.5 million on Dalvey Road in Singapore. If he were to tweet every single day, by the end of the year he would have no price impact.. Copyright 2023 Market Realist. Three Arrows Capital (also known as 3AC or TAC) was a Singapore -based cryptocurrency hedge fund which was ordered to liquidate on 27 June 2022 by a court in the British Virgin Islands. Analysis shows that this wallet (tagged as 3AC on Nansen) has been aggressively paying back AAVE debt against its 223k ETH / $264mm position to avoid liquidation. During a press conference, the mayor said his words about not believing in the separation of church and state were just his own beliefs. But then, Three Arrows Capital has made 56 investments. And they had way more trust from the ecosystem prior to that., For a firm that had always portrayed itself as playing just with its own money We dont have any external investors, Zhu, 3ACs CEO, had told Bloomberg as recently as February the damage Three Arrows caused was astonishing. It sparked a war of words that quickly got personal. He was very proud it was the only Japanese taxi in Singapore, says another friend. A Whistleblowers Claims About a St. Louis Transgender Center Are Under Fire. They were the bread and butter of Three Arrows Capital, which told investors it practiced low-risk strategies designed to make money in both bullish and bearish times. They have very little empathy toward most people, especially normal commoners, says a onetime friend. Collapsed crypto fund co-founder hits back at liquidators after Then in early May, luna suddenly collapsed to near zero, wiping out more than $40 billion in market cap in a matter of days. Both are currently in their 30s. But plenty of smart market participants had seen that coming. All rights reserved. The filing notes Zhu may be trying to. We suspect that Three Arrows attempted to pledge some pieces of collateral to many people at once, says Bankman-Fried, the CEO of FTX. During the pandemic, as the Federal Reserve pumped money into the economy and the U.S. government sent out stimulus checks, cryptocurrency markets rose for months on end. He sent Blockchain.com a simple, one-sentence letter with no watermark, asserting that the firm had $2.387 billion under management. How Ethereum's evolution impacts crypto markets. Right-wing board to clamp down on woke ideology in cartoons. Notably, Zhu Su and Kyle Davies the two founders of 3AC have not been seen since they . Three Arrows Capital Just Withdrew $2.4M ETH From Binance - Plato Data All arbitrages die after a point, says a trader and former colleague of Zhus. Cointelegraph reported that the firm was considering various legal and financial solutions on June 17 and had hired advisers to help it navigate those options. That meant that when 3AC ignored margin calls and ghosted lenders in mid-June, those lenders, including FTX and Genesis, liquidated their accounts, not realizing they were also selling assets that belonged to 3ACs partners and clients. For Americas wage laborers, a 32-hour workweek is less of a beautiful dream than an oppressive reality. Is Multibillion-Dollar Hedge Fund Three Arrows Next to - Decrypt New York reported that Zhu and Davies had purchased a $50 million Sanlorenzo superyacht they dubbed Much Wow. This property will be bought in trust under their 3-year-old. Unwinding the position was somewhat tricky Three Arrows GBTC shares were locked up for six months at a time but Zhu and Davies had a window to get out sometime that fall. In May 2021, Bloomberg reported that Davies remained optimistic about Bitcoin, saying, "Bitcoin's down 30 percent off the highs, it's not really down that much.". 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. Blockchain.com, an early crypto company that provided digital wallets and evolved into a major exchange, faces $270 million in unpaid loans from 3AC and has laid off a quarter of its staff. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. If you prefer to read in print, you can also find this article in the August 15, 2022, issue of They were surprised to learn that Three Arrows had no short positions, which is to say it had stopped hedging the very thing it had maintained was the cornerstone of its strategy. 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. Three Arrows Capital founders uncooperative with liquidators - USA TODAY What Is Kyle Davies' Net Worth After Three Arrows Fall? - Market Realist They had desks next to each other until Zhu was laid off in the financial crisis, landing at a high-frequency trading shop in Singapore called Flow Traders. Three Arrows Capital (3AC): What Happened? - ZenLedger Was not that big as part of portfolio holdings anyway, 3ACs top trader, Edward Zhao, wrote back, according to messages made public by Blockchain.com. The 3AC bankruptcy and liquidation has been ongoing since the start of July. Despite the turbulence created by Musks tweets, Davies said hes less worried about the billionaires influence on the crypto market with each passing day. Although Zhu has his reasons for needing to sell the property, local media reports suggest the detached home market is softening given the global economic downturn. In late May, Zhu sent out a tweet that may as well be his epitaph: Supercycle price thesis was regrettably wrong. Still, he and Davies played it cool as they called up seemingly every wealthy crypto investor they knew, asking to borrow large quantities of bitcoin and offering the same hefty interest rates the firm always had. Now, the firm is battling its biggest crisis yetand the impact could send shockwaves through the entire industry. Zhu and his wife Tao Yaqiong purchased a detached house on Singapore's Yarwood Avenue in December 2021 for S$48.8 million ($35 million), according to title data from the Singapore Land Authority. In reality, Three Arrows was scrounging for funds just to pay its other lenders back. ET With the news that Three Arrows Capital (3AC) must liquidate, co-founder Kyle Davies may be facing a severe hit to his wealth. With a few billion. 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. The trusts shares have since tumbled 43 per cent following Musks announcement this month that Tesla would suspend accepting the digital currency for purchases of its electric cars because of rapidly increasing use of fossil fuels for Bitcoin mining and regulatory clampdowns from China. By late 2020, bitcoin was up fivefold from its March lows. Cryptocurrency hedge fund Three Arrows Capital, co-founded by Su Zhu and Kyle Davies, now holds 6.26% of Grayscale Bitcoin Trust (GBTC). 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. In September 2020, Zhu purchased a $20 million mansion, known in Singapore as a good-class bungalow, under his wifes name. 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. Three Arrows Capital is a Singapore-based hedge fund. Owing such characters large sums of money could explain why Zhu and Davies have gone into hiding. 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. Three Arrows' Su Zhu Had $1.4 Billion Stake in Firm: Court - Decrypt We FX traders are partly to blame for this because we knew for a fact that these guys were not able to make money in FX, says the former trader. Three Arrows Capital - Wikipedia In the fund's last public statement, the fund claimed a net asset value of $18 billion. "Bloomberg Opinion" columnists offer their opinions on issues in the news. Zhu graduated a year early, summa cum laude, and moved to Tokyo to trade derivatives at Credit Suisse, where Davies followed him as an intern. College together was at Columbia, where they both took a math-heavy courseload and joined the squash team. Then it pulled $17 million worth of Ethereum off crypto exchange FTX, moving most of it onto decentralized crypto lending protocol Aave. Reports put 3ACs assets at some $10 billion at the time, citing Nansen (though Nansens CEO now clarifies that much of the sum was likely borrowed). 5 Takeaways From Three Arrows Capital's Bankruptcy Hearing George Condo's "Staring into Space": +31.7% net IRR (2020-2022) Banksy's "Mona Lisa": +32% net IRR (2019-2020) . Biden Dares Republicans to Go After Obamacare and Medicaid. But Zhu wasn't just any laser-eyed crypto trader. While insiders were unaware of Chens involvement in the firm, they believe she must have been acting on Daviess behalf; her name appears on various firm entities, likely for tax reasons. Both Zhus and Daviess mothers have also filed claims, according to people familiar with the situation. The city threw out a Democratic mayor for the first time in decades. Password must be at least 8 characters and contain: As part of your account, youll receive occasional updates and offers from New York, which you can opt out of anytime. For other investors, Three Arrows appetite for cash was another warning sign. He is a regular contributor to CNBC, Bloomberg, and other financial news outlets. 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. January 6, 2023 5:30 PM GMT. When Su and Kyle told me how they got started, I was pretty impressed they had hustled their way into this lucrative market., At the time, FX trading was moving to electronic platforms, and it was easy to find differences, or spreads, between the prices quoted at different banks. The same position today would be valued at just $550mn . The biggest crypto news and ideas of the day. Donald Trump Jr. The president surprised and angered some Democrats by declining to veto a GOP effort to block a D.C. bill. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. He also said the company owes Zhu $5 million. Kyle Davies' wife and Su Zhu are both creditors in the 3AC bankruptcy The 4-Day Week Is for White-collar Workers. The community supporting Illuvium, an interoperable blockchain game, has demonstrated the power of decentralized autonomous organizations (DAOs) after blocking a scheduled nonfungible token (NFT) pack-opening event between Illuvium CEO Kieran Warwick and Three Arrows Capital (3AC) founder Su Zhu. Both of them were subpoenaed by the Supreme Court of Singapore. Founders of bankrupt crypto hedge fund Three Arrows go missing - CNBC Singapore initially took the lead, namely by allowing retail investors to trade on licensed platforms. 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. The inference drawn from this Tweet is that they are in the process of their insolvency and are looking to pay back creditors. After the jury found Murdaugh guilty of murdering his wife and son, he was given two consecutive life sentences. (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.). Offers may be subject to change without notice. That same month, friends say, Zhu and Davies purchased two villas for roughly $30 million combined, one next to the other on Dubais Crystal Lagoon in District One, a manmade aquamarine oasis larger than any other in the world. In a letter sent to 3AC, DRB Panama terminated its loan agreement with the hedge fund and demanded immediate repayment of $80 million. The 31,000-square-foot home was constructed in 1990, title data shows, and was only sold once, to Zhu. (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.). Three Arrows Capital did not immediately respond to a request for comment from. According to the liquidators for Three Arrows Capitala fund whose sudden insolvency has spread. Davies and his co-founder Su Zhu founded the startup in 2012 in a small apartment and made it one of the worlds largest crypto portfolios in 2021. 3AC was slapped with a default notice on a loan amounting to around S$940 million (based on Bitcoin's . The true scale of the losses may never be known; for many of the crypto start-ups that parked their money with the firm, disclosing that relationship publicly is to risk increased scrutiny from both their investors and government regulators. New YorkMagazine. Now theyre among the worlds biggest crypto holders with a portfolio worth billions of dollars. While Zhu and Davies grew accustomed to their new wealth, Three Arrows continued to be a giant funnel for borrowed capital. In person, though, Zhu was still an introvert who wasnt big on small talk. They grokked the game, and the plan worked perfectly until it didnt. The assurance from Zhu did not quell fears from creditors. The firm seemed rather indiscriminate about these bets, almost as if it viewed them as a charity. Zhu Su is the co-founder, CEO, and CIO of Three Arrows Capital company based in Singapore. The latest moves in crypto markets, in context. Probing the intersection of crypto and government. 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. An investor as legendary as they come in the decade-old cryptocurrency industry, he had a message that matched his relaxed demeanor. 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. Weve not always been long Ethereum, in fact weve been short for periods of time, too. Although Teneo took the documents down later that day, they had already been saved and, The 3AC bankruptcy and liquidation has been ongoing since, 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. Rumors that the firm was collapsing seized Twitter, further fueling the larger crypto sell-off. (This seems to be what happened with 8 Blocks Capital, which complained on Twitter in June that $1 million from its trading account with 3AC had suddenly disappeared. Su Zhu Says 3AC Is "Committed to Working This Out" as Wipeout Rumors Want to list your Crypto brand? With cryptocurrencies trading on exchanges around the world, the firms experience with arbitrage came in handy right away. Su Zhu, is an singaporean entrepreneur and businessman who founded the hedge fund Three Arrows Capital. Some acquaintances who had first encountered the pair on Twitter found them surprisingly understated in person. 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. CoinDesk journalists are not allowed to purchase stock outright in DCG. In retrospect, Three Arrows seems to have suffered a fateful loss later that summer if of the human variety, rather than the financial one. The couple also owns another home at the Goodwood Grand on Balmoral Road, worth S$6.25 million. But the timing might have just been luck; after all, Three Arrows was looking for a new racket. He focused on exchange-traded funds (basically mutual funds that are listed like stocks), trading in and out of related ones to collect small profits. Three Arrows Capital to become latest casualty of crypto crash Implicit in the tweet was a message: Think how good we must be to have built a multibillion-dollar firm from such humble beginnings. Investors, like Mr. Zhu, have suffered immense losses in [Three Arrows Capital].. www.threearrowscap.com. Prominent crypto hedge fund Three Arrows Capital has defaulted on a loan worth more than $670 million. On an awkward July 8 Zoom call, participants with Zhus and Daviess usernames logged on with their cameras off, refusing to unmute themselves even as the pair of British Virgin Islands liquidators fired dozens of questions at their avatars. Matt Walsh, a co-founder of crypto-focused Castle Island Ventures, couldnt understand why a multibillion-dollar fund like Three Arrows would bother with onboarding such a relatively tiny increment of money; it seemed desperate. A Florida bill takes a ridiculous GOP argument to the extreme, aiming to eliminate the Democratic Party for its ancient ties to white supremacy. He and Davies, now 24 years old, decided to start their own shop. The declines set off further declines as lenders demanded even more collateral and sold positions when 3AC and others couldnt post it, sending bitcoin and its peers toward multi-year lows. Pretty much everyone in that world, from the millions of small-scale crypto holders to industry employees and investors, has watched in shock and dismay as Three Arrows Capital, once perhaps the most highly regarded investment fund in a burgeoning global financial sector, collapsed in excruciating and embarrassing fashion. Crypto companies from New York to Singapore were the direct victims of Three Arrows. Three Arrows Capital was created in 2012 by Su Zhu and Kyle Davies, and it is known for its bullish moves on crypto. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. There are many cryptocurrencies that are proof-of-stake, which use very little if any electricity, Davies said. It started to put up some alarm bells. 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. We have not successfully gotten the Three Arrows Capital Net Worth. The property is a Good Class Bungalow (GCB) in the Kilburn Estate Area. They were probably managing this whole thing on an Excel sheet, says Walsh. Zhu stood out in another way: The Flow offices, full of servers, ran hot, and he would come to work in short-shorts and a T-shirt, then remove the shirt, leaving it off even when he went through the buildings lobby. Davies and his co-founder. Source: Twitter/@zhusu . And then he got a bachelor degree of arts at Columbia University in the City of New York. The one story you shouldnt miss today, selected by, This site is protected by reCAPTCHA and the Google, Biden Chooses Crime Messaging Over D.C. Home Rule. The Funds investment objective is to achieve consistent market neutral returns while preserving capital, 3ACs official documents read. Zhu, 34, is the co-founder and CEO of Singapore-based hedge fund Three Arrows Capital Ltd. Verified account Protected Tweets @; Suggested users Zhao appeared caught off guard. The affidavit, along with others from liquidator Russel Crumpler, and some of 3ACs largest creditors were made public on Monday when Teneo, the company overseeing the hedge funds liquidation, shared more than 1,000 pages worth of court documents online. (Still, 3AC traders were highly sought after in the industry; before the funds collapse, Steve Cohens hedge fund, Point72, was interviewing a team of 3AC traders to potentially poach for its systematic trading unit.). After the collapse, executives at crypto exchanges began comparing notes. Known locally as a Good Class Bungalow, these luxurious detached houses are home to Singapores elite. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies, once managed an estimated $10 billion in assets. Zhu, 3AC's co-founder, is one of the creditors, along with DRB Panama Inc., which owns crypto exchange Deribit. [38], The collapse of the company is believed to be partially responsible for the bankruptcy and collapse of the crypto lender Voyager digital and layoffs at Blockchain.com. The firm, . Before you know it, the pretend billionaire is a real billionaire shopping for super-yachts. You dont have to follow the despair.. She explains the press to the president, preaches Twitter-is-not-real-life, and keeps the West Wing from leaking. But some investors noticed the valuation seemed off and discovered its actual valuation was just $280 million. Thats where Three Arrows Capital found itself by the middle of January 2022, and it was poorly equipped to weather it. Zhu and Davies in their senior year at Andover in 2005. Davies also stated that Three Arrows Capital, which is also known as 3AC, owes his wife, Chen Kaili Kelly, $65 million. Three Arrows Capital co-founder Su Zhu has broken his silence after rumors that the firm may be facing liquidity issues have spread across the crypto community. Zhu Su on Twitter: "If x was your net worth prior to entering crypto 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. On 30 June 2022, the Monetary Authority of Singapore (MAS) said it had reprimanded Three Arrows for breaching its allowed threshold of having no more than $250 million Singapore dollars in assets under management, a condition of its August 2013 fund management company registration. Su Zhu and Kyle Davies, both 35, first became friends in high school. Three Arrows Capital (3AC) co-founder Su Zhu and the wife of co-founder Kyle Davies are both among creditors that lent money to the collapsed hedge fund. Three Arrows Capital is a cryptocurrency-based hedge fund. He was known to bluntly criticize colleagues performance and even call out his bosses. Crypto hedge fund Three Arrows falls into liquidation The paper also quotes Carin Puah, a senior director of capital markets at JLL, who said that prices are expected to remain firm for these homes despite the market decline because of the status symbol nature of a GCB. Even as creditors rushed to file their claims, 3ACs founders had already beaten them to it: The first person in line was Zhu himself, who on June 26 filed a claim for $5 million, along with Daviess wife, Kelly Kaili Chen, who claimed she had lent the fund close to $66 million. They were probably like, What if we just go long? . Her buyers, Su Zhu and Kyle Davies, two Andover graduates who ran a Singapore-based crypto hedge fund called Three Arrows Capital, never got the chance to spray Champagne across Much Wows bow. With his schoolmate Kyle Davies, he ran Three Arrows Capital, one of the largest crypto hedge funds in the world. By 2018, the firm concentrated exclusively on crypto. United States District Court for the Northern District of California, "Crypto hedge fund Three Arrows Capital plunges into liquidation", "Crypto Hedge Fund Three Arrows Files For Chapter 15 Bankruptcy", "Singapore-based crypto hedge fund's cryptic tweet fuels speculation over losses", "Battered Crypto Hedge Fund Three Arrows Capital Considers Asset Sales, Bailout", "Ethereum ($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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