Voyager Digital joins the growing list of crypto firms suffering liquidity issues as it announced the suspension of trading, deposits, withdrawals, and rewards.Read more
KuCoin is rumored to be facing insolvency issues in the fallout from Three Arrows Capital’s collapse.
The firm’s CEO has denied the claims, saying that “everything on KuCoin is operating well.
Three Arrows Capital has filed for Chapter 15 bankruptcy in New York
3AC filing for bankruptcy comes less than a week after a British Virgin Islands court ordered the hedge fund into liquidation.
KuCoin CEO, Johnny Lyu, has debunked rumors that the exchange will soon pause withdrawals.
According to Mr. Lyu, KuCoin does not have direct exposure to collapsed LUNA, Three Arrows Capital, or Babel Finance.
He further reassures that ‘everything on KuCoin is operating well.
Embattled Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in New York to protect its U.S. assets after a liquidation order in the British Virgin Islands.
According to Bloomberg, the hedge fund representatives filed the bankruptcy petition on Friday.
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A British Virgin Islands Court has ordered the liquidation of Three Arrows Capital (3AC), plunging the crypto hedge fund into a deeper crisis, Sky News reported.
According to the report, Teneo Restructuring has been mandated to handle 3AC’s restructuring.
Ethereum co-founder, Vitalik Buterin, has thrown some shade into Su Zhu’s alleged $50 million yacht purchase.
According to Vitalik, there are better ways of burning $50 million, such as becoming a Gitcoin grants matching partner.
A 60% plunge of Voyager Digital’s (VYGVF) share price since it disclosed its Three Arrows Capital (3AC) exposure has been accompanied by further falls in crypto industry stocks.Read more
Three Arrows Capital Owes Voyager 15,250 BTC and $350 million USDC.
Voyager has set June 27, 2022, as the deadline for full repayment of the digital assets.
The crypto broker is prepared to explore legal remedies if 3AC fails to meet its payment obligation, per reports.