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ONE OF THE LARGEST CRYPTOCURRENCY HEDGE FUNDS 3AC HAS GONE BANKRUPT

... cross-border bankruptcy. 3AC wants bankruptcy to be recognized in the US to protect the hedge fund's assets located in America. 3AC's bankruptcy application was filed in the Southern District of New York in Manhattan, with the company's head office located in Singapore. But the company's co-founder Su Joo said last April that 3AC was planning to move to Dubai. According to court documents, the cryptocurrency options and futures exchange Deribit said that Three Arrows was unable to return $80 million because the hedge ...

BANKRUPTCY OVERTOOK THE VOYAGER DIGITAL CRYPTO-LENDER

... noting that the bankruptcy application was filed in accordance with Part 11 of the Bankruptcy Code of the United States, which means the suspension of all court proceedings... ... company sent a notice of breach of obligations to the hedge fund Three Arrows Capital (3AC) in connection with the latter's failure to fulfill the necessary loan payments... ... a result, the stablecoin lost almost all of its value along with its paired token. Cryptocurrency prices began to fall at the end of last year on expectations that the...

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