Illustration by Alex Castro / The Verge Cryptocurrency hedge fund Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy in a bid to protect its US assets from creditors in the country, as reported earlier by Bloomberg and CNBC. Representatives for the Singapore-based company made the filing in a Southern District New York court on Friday, which legally protects the US assets of insolvent foreign debtors from creditors in the US. Founded in 2012 by Kyle Davis and Su Zhu, 3AC managed about $10 billion in assets as recently as March, later sinking to $3 billion in April.
The UK Infrastructure Bank was formed in June 2021 to help tackle climate change and boost growth across the United Kingdom. UK Infrastructure Bank has now announced seven deals worth PS610 million. The bank is wholly owned by HM Treasury but is operationally independent from U.K. government. The Bank identifies, selects and assesses projects, and...
Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in the U.S. Bankruptcy Court of Southern District of New York, Bloomberg reported. A Chapter 15 bankruptcy is applicable when the insolvency case involves debtors, assets, claimants, and other parties involving more than one country. read more.
Big Blow To Crypto Market! Top Crypto Hedge Fund Three Arrows Capital Files For Bankruptcy | Companies News
Three Arrows Capital (3AC) has filed for bankruptcy in the US. : New Delhi: Top crypto hedge fund Three Arrows Capital (3AC) has filed for bankruptcy in the US, days after its liquidation began in the British Virgin Islands, the media reported on Saturday. The liquidation, and now Chapter 15 bankruptcy in New York, comes as popular crypto tokens such as Bitcoin and Ethereum nosedived by nearly 70 per cent from their record highs amid the economic meltdown.
Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO. Three Arrows Capital, better known as 3AC, a cryptocurrency investing company, registered for Chapter 15 bankruptcy on July 1st, according to reports. Although not surprising, the announcement marks the closure of a renowned, decade-old corporation that handled up to $10 billion in holdings as late as March, as per blockchain research portal Nansen.
San Francisco, Jul 2 (IANS): Top crypto hedge fund Three Arrows Capital (3AC) has filed for bankruptcy in the US, days after its liquidation began in the British Virgin Islands, the media reported on Saturday. The liquidation, and now Chapter 15 bankruptcy in New York, comes as popular crypto tokens such as Bitcoin and Ethereum nosedived by nearly 70 per cent from their....
Us Based Sequoia Capital Aims To Raise $2.25 Bn Amid Funding Winter: Report | Business Standard News
US-based investment firm Sequoia Capital is reportedly raising new funds worth $2.25 billion from potential VCs in the funding winter.
Julia Ward Howe gave America some of the most inspirational words ever. "The Battle Hymn of the Republic" inspired Union soldiers to march to their death to liberate slaves.