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Crypto turmoil news
Su Zhu and Kyle Davies, the founders of troubled crypto hedge fund Three Arrows Capital (3AC) might have fled Singapore and their whereabouts are unknown, Bloomberg reported, citing a bankruptcy filing of 3AC. The filing in the United States Bankruptcy Court of the Southern District of New York also stated that 3AC managed USD 3bn in digital assets as of April 2022 and requested a stay on efforts by creditors to seize its assets, per the report.
Singapore-based troubled crypto lender Vauld said their legal counselor has filed an application in the Singapore Courts on behalf of Defi Payments Pte. Ltd., a Singaporean entity of Vauld, to seek a moratorium order under section 64 of the Insolvency, Restructuring and Dissolution Act 2018 to prohibit for the period of 6 months. "This is so as to give Defi...
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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...