3AC Co-Founder Kyle Davies Denies to Apologize for Hedge Fund Bankruptcy
Davies said that after the 3AC bankruptcy, the three co-founders are working on ways to add value and guide the next Three Arrows on how to do things better.
Davies said that after the 3AC bankruptcy, the three co-founders are working on ways to add value and guide the next Three Arrows on how to do things better.
The closure of the OPNX cryptocurrency exchange does not have a detrimental impact on Bitcoin (BTC) and Ethereum (ETH) prices.
While the average performance of crypto funds did not match the more than 150% rally in Bitcoin this year, the positive shift in fortunes is a promising development for the industry.
A court has frozen the assets of the Three Arrows Capital founders. The company owes $3.3 billion to creditors and filed for bankruptcy after the collapse of the Terra ecosystem last year.
The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases.
The MAS has also banned them from managing, acting as a director, or even being a substantial shareholder of any capital market services business operating in Singapore.
McDermott Will & Emery has submitted a new bill of $5 million to Voyager creditors for the third interim, leading to a total over $16 million.
Zhu and Davies have announced the launch of 3AC Ventures, which will focus on “superior risk-adjusted returns without leverage”.
The company noted that its customers will have the possibility to use the Voyager app to begin requesting paybacks, which will take place in 30 days.
While the EU is in the final stages of making MiCA a reality and hence fosters a more defined market participation, the industry has been fussing around the laid-back approach of the US in relation to floating similar rules.