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    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

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    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

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    Top 10 Questions about Crypto and Metaverse Answered

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    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

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    Instagram Expands NFT Integration With Flow Blockchain

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    What’s the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

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    NAS Academy to Launch Web3 Learning Library NFTs

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    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

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    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

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    MakerDAO plans against sanctions from USDC exposure

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    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

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    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

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    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

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  • Home
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  • NFT’s
    Buterin says Terra recovery should target smaller holders

    Vitalik Buterin Wants To Upgrade NFTs, Crypto Community Opposes Proposal

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    NFT Marketplace OpenSea Flags Data Breach, Here’s What Was Leaked

    APE avoids broader market weakness

    Here’s Why Apecoin (APE) Price Is Skyrocketing Today

    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

  • Metaverse
    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Play2Earn Expo Asia Coverage: Gala Music Takes Fans to Snoop Dogg BBQ

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Ethereum’s Buterin Reveals Sobering Outlook For Corporate Metaverse Dreams

    Top 10 Questions about Crypto and Metaverse Answered

    Top 10 Questions about Crypto and Metaverse Answered

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Southeast Europe Becoming a Hotbed of Metaverse Gaming 

    Instagram Expands NFT Integration With Flow Blockchain

    Instagram Expands NFT Integration With Flow Blockchain

    What's the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    What’s the Forecast for Web 3.0: Will We Have Weather in the Metaverse?

    NAS Academy to Launch Web3 Learning Library NFTs

    NAS Academy to Launch Web3 Learning Library NFTs

    Jim Carrey Auctions 'Goon in Moonlight' NFT on SuperRare

    Jim Carrey Auctions ‘Goon in Moonlight’ NFT on SuperRare

    Mythical Games CEO: The Future of P2E is Play-and-Own

    Mythical Games CEO: The Future of P2E is Play-and-Own

  • Analysis
    Cardano

    Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67?

    Ethereum

    Ethereum Climbs To $1,900, Why $2K Could Be Next

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    TA- Binance Coin Continues To Look Strong Despite Altcoins Shakeout

    Monero

    Monero Faces Pressure In Keeping Upward Pace – Will XMR Overcome Resistance?

    Bitcoin

    Bitcoin Price Takes Hit, Why BTC Remains at Risk of More Losses

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- My Neighbor Alice Could Be Set For A Major Bounce

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    TA- STEPN (GMT) Could Be Set For A Major Rally After Bullish Signs

    bitcoin price support

    Has Bitcoin Price Found Support At A Decade-Long Trend Line?

    Bitcoin

    Bitcoin Price Holds Support, Why BTC Might Attempt Fresh Increase

  • Learn About Crypto
    How to Find Lost Bitcoins: a Full Guide

    How to Find Lost Bitcoins: a Full Guide

    What Is Cardano (ADA)? 

    What Is Cardano (ADA)? 

    What Is Web 3.0?

    What Is Web 3.0?

    Top 10 Best Ethereum Wallets 2022

    Top 10 Best Ethereum Wallets 2022

    Helium Mining

    Helium Mining

    Siacoin Price Prediction 2022 – 2031

    Siacoin Price Prediction 2022 – 2031

    Top Blockchain Events in 2022

    Top Blockchain Events in 2022

    What Is MetaMask and How to Install It

    What Is MetaMask and How to Install It

    What Is Polygon (MATIC)?

    What Is Polygon (MATIC)?

  • Regulation
    The Philippines halts virtual asset provider license applications

    The Philippines halts virtual asset provider license applications

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    Mark Cuban faces class action lawsuit for promoting Voyager crypto products

    MakerDAO plans against sanctions from USDC exposure

    MakerDAO plans against sanctions from USDC exposure

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Former BitMEX Executive Faces Up to Five Years in Prison After Pleading Guilty to Violating Bank Secrecy Act

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    Coinsquare chief operating officer shares thoughts on being the first regulated crypto dealer exchange in Canada

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SEC orders Bloom Protocol to register BLT token as security or face $31M fine

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    SBI Group reports investee getting CFTC approval for OTC derivatives trading in US

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

    Crypto exchange Hotbit says it froze customer funds due to alleged criminal ties of formal employee

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Home Regulation

Three Arrows Capital Assets Frozen by Judge in New York As Founders’ Whereabouts Remain Unknown: Report

July 15, 2022
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Three Arrows Capital Assets Frozen by Judge in New York As Founders’ Whereabouts Remain Unknown: Report
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The walls are closing in around one embattled crypto hedge fund as the legal system issues a ruling on behalf of its jilted creditors.

According to a new CNBC report, a federal judge in New York has ordered Three Arrows Capital’s (3AC) remaining assets to be frozen as part of an ongoing bankruptcy proceeding.

The report says that while the whereabouts of 3AC co-founders Zhu Su and Kyle Davies remain unknown, there is concern that they will attempt to strip away funds before the company begins the formal process of liquidating its assets.

Judge Martin Glenn’s written decision specifies that approved liquidation firm Teneo has sole authority to “transfer, encumber or otherwise dispose of any assets of the Debtor located within the territorial jurisdiction of the United States.”

The ruling further grants Teneo subpoena powers against not only Su and Davies but also any financial institutions and cryptocurrency exchanges that conducted business with 3AC.

The decision against Three Arrows Capital comes on the heels of several developments surrounding its relationship with the crypto marketplace Voyager Digital.

Back in late June, Voyager filed a formal notice of default to 3AC seeking repayment of a loan of about $650 million which was comprised of 15,250 Bitcoin (BTC) and $350 million worth of the dollar-pegged stablecoin US Dollar Coin (USDC).

Voyager then announced several days later that it was temporarily halting trading activities on its platform due to liquidity issues arising from 3AC’s outstanding debt, before last week initiating a restructuring process by filing for bankruptcy protection.

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