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According to the MAS managing director, TerraForm Labs, Luna Foundation Guard and Vauld were “not licensed or regulated” by Singapore’s financial watchdog. Go to Source Powered by WPeMatico
Unknown crypto venture firm MetaFormLabs has initiated a campaign to pump Voyager Token (VGX) as part of a proposed Voyager rescue package. Go to Source Powered by WPeMatico
A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtor’s assets at this stage.” Bankruptcy Judge Freezes 3AC’s Assets Judge Martin … Read more
The counsel for liquidators said he didn’t know the current location of Zhu or Davies, alleging the duo have not provided “meaningful cooperation” with the liquidators. Go to Source Powered by WPeMatico
One user, referred to as Robert for anonymity purposes, stated he put roughly six figures on Voyager, representing 70% of his life savings, and feels lost on what to do moving forward. Go to Source Powered by WPeMatico
According to a report published on July 8, the cryptocurrency firm Blockchain.com lost $270 million from exposure to the crypto hedge fund Three Arrows Capital (3AC). The news was shared in a recent letter to shareholders written by the company’s CEO Peter Smith. The Blockchain.com executive stressed that the firm “remains liquid, solvent and our … Read more
BTC bulls think the bottom is in, but a neutral-to-bearish price formation and the absence of a futures premium contradict their optimism. Go to Source Powered by WPeMatico
Genesis Trading soldiers on after confirming 3AC exposure, while parent company Digital Currency Group assumes a portion of liability after losses. Go to Source Powered by WPeMatico
Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed there’s a growing number of crypto companies feeling financial burdens, and “uncertainty” tied to stressed entities is “hanging over … Read more
Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund Three Arrows Capital (3AC) on a loan require it “to take deliberate and decisive action now.” Voyager’s Bankruptcy Filing Voyager Digital Ltd. (TSE: VOYG) announced … Read more
