Welcome to another edition of Crypto NFT Today! If you enjoy cryptocurrency, NFTs, and riding emotional rollercoasters, this is the place to be. So, are you ready for the crunch? Let’s get started.
3AC Founders Missing, Likely Running from Creditors After Announcing Bankruptcy
According to a court filing from Friday, the co-founders of bankrupt crypto hedge fund Three Arrows Capital are missing.
Zhu Su and Kyle Davies, who started Three Arrows Capital in 2012, were scheduled to appear at a hearing at 9 a.m. ET Tuesday to discuss the next steps in the liquidation process. The conspicuous absence of the two has led interested parties to believe they are running from creditors.
The documents, filed Friday evening, also allege that the founders have not yet begun to cooperate with the liquidation process “in any meaningful manner.”
At it’s height Three Arrows, also known as 3AC, managed about $10 billion in assets.
On July 1, the firm filed for Chapter 15 bankruptcy protection from U.S....
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...