Teneo – DIGIT INFO

Sotheby’s to Auction 3AC’s NFT Collection, Including Larva Labs’ Zombie Punk and Dmitri Cherniak’s ‘Golden Goose’

DIGIT — Thu, 20 Apr 2023 07:30:53 +0000

On Wednesday, Sotheby’s, one of the world’s largest brokers of fine and decorative art, announced its plans to auction a number of non-fungible token (NFT) assets that were previously owned by the now-defunct crypto hedge fund Three Arrows Capital (3AC). The auction, called the “Grails” NFT collection, will take place during Marquee Sale Week at […]

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3AC Co-Founder Kyle Davies Fails to Respond to Liquidators’ Subpoena Despite Twitter Delivery

DIGIT — Wed, 08 Feb 2023 18:30:15 +0000

According to recent court filings, Kyle Davies, co-founder of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), has allegedly failed to respond to a subpoena from the firm’s current liquidators, despite it being sent via Twitter. Representatives from advisory company Teneo state that Davies continues to ignore his obligations to Three Arrows. 3AC Liquidators […]

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Report: Bankrupt Crypto Hedge Fund Three Arrows Capital Probed by SEC, CFTC for Possible Legal Violations

DIGIT — Tue, 18 Oct 2022 16:00:13 +0000

Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). The whereabouts of the hedge fund’s co-founders Su Zhu and Kyle Davis are still unknown and the court-appointed liquidator plans […]

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Over 300 NFTs From Three Arrows Capital’s NFT Fund Moved by Liquidator to New Wallet

DIGIT — Wed, 05 Oct 2022 22:00:45 +0000

Hundreds of non-fungible tokens (NFTs) collected by Starry Night Capital have been transferred to a new wallet. The NFT fund of the insolvent crypto hedge fund Three Arrows Capital (3AC) bought the tokens in 2021. 3AC filed for bankruptcy earlier this year, after taking a hit from the collapse of the Terra ecosystem and the […]

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Liquidators can subpoena 3AC founders despite ‘tricky issues’ with crypto assets

DIGIT — Wed, 13 Jul 2022 02:42:07 +0000

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.

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