Search results for "3AC"
08:14

Genesis sues DCG for having a "second self" plan, ignoring warnings, and fabricating lies.

According to Gate News bot, as reported by Cointelegraph, a recent lawsuit filed by the bankrupt crypto assets lending company Genesis reveals that internal communications from its parent company Digital Currency Group (DCG) indicate that executives were aware of Genesis's poor financial management and the imminent legal risks associated with its control of Genesis.
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00:21

FTX's lawyer claims that 3AC's $1.5 billion claim is "illogical" and should be dismissed.

Gate News bot news, three months ago, a judge in the Delaware bankruptcy court allowed the defunct trading company Three Arrows Capital (3AC) to increase its claim amount against the FTX bankruptcy estate from $120 million to $1.5 billion. However, FTX's lawyers argued last Friday that the trading company's claims should be "entirely dismissed," stating that 3AC's losses were self-inflicted.
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00:05

FTX lawyers request to dismiss 3AC's claim, stating it is "illogical".

FTX's lawyers have requested the court to dismiss the $1.53 billion claim filed by Three Arrows Capital, arguing that it lacks a logical basis and stating that FTX should not be held responsible for 3AC's trading losses. 3AC must respond by July 11, and the hearing is scheduled for August 12.
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04:31

Zhu Su: Half of the long positions in ETH and SOL have been closed.

BlockBeats news, on November 11th, Zhu Su, co-founder of Three Arrows Capital, posted on social media that ETH closed half of its long positions at prices ranging from $2435 to $3188, and SOL closed half of its long positions at prices ranging from $158 to $208. Long 3AC again. The earliest vault pledgers have now made nearly 10.
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ETH-3.92%
SOL2.59%
12:51

Three Arrows Capital announced a strategic investment in the Meme project MOG COIN and has purchased 69 billion MOG.

Three Arrows Capital announces strategic investment in Meme project MOG COIN, buying 69 billion MOG, the transaction has been confirmed, MOG price has no Fluctuation, the official account of Three Arrows Capital is Three Arrowz Capitel. Although the account has resumed operation, it only publishes content related to Meme or for entertainment purposes.
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MEME-6.81%
MOG-9%
ETH-3.92%
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00:00

Zhu Su: RWA is the "hidden launch pool" of the US dollar.

PANews March 28 news, 3AC co-founder Zhu Su stated that institutional investors' interest in Real World Assets (RWA) stems from their hope that every 1 dollar of RWA Total Lock-up Position (TVL) can be converted into a certain proportion of Token market capitalization. For example, having 1 billion dollars of RWA, after tokenization, the protocol Token may reach a market capitalization of 100 million dollars. He further pointed out that, just as Bitcoin L2 and Ethereum restaking are viewed as "hidden launch pools," RWA can essentially also be seen as a "hidden launch pool" for the US dollar.
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RWA-12.97%
BTC-0.67%
ETH-3.92%
23:03

FTX's lawyers claim that Three Arrows Capital's $1.5 billion claim is "unreasonable" and should be dismissed.

PANews reported on June 23 that according to The Block, FTX's bankruptcy administrator lawyers recently objected to the $1.53 billion claim filed by Three Arrows Capital (3AC) and asked the court to dismiss it in full. The lawyer said that 3AC's losses were caused by market volatility and its own divestment, and had nothing to do with FTX. In March, the bankruptcy court allowed 3AC to increase its claims from $120 million to $1.53 billion. In November 2024, 3AC claimed that FTX sold $1.5 billion worth of assets two weeks before it initiated liquidation, citing the discovery of new evidence. However, FTX lawyers countered that the claim was based on unreasonable premises, inaccurate data and disregard of facts. FTX pointed out that after the Terra crash in June 2022, the 3AC account balance was less than $240 million, but it did not make up the margin and withdrew $18 million ETH. FTX then liquidated $820 million in assets
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02:54

OX FUN: Treasury minted 5.593 billion OX Tokens, total rise 131%.

Gate.io News bot message, according to Etherscan data, OX FUN: Treasury minted 5.593 billion OX Tokens 3 days ago, worth approximately $11.2 million. This minting increased the total supply of OX Tokens by 131% from its original level, reaching 9.857 billion. The data shows that this batch of newly minted Tokens is currently still stored in OX FUN: Treasury and has not been released into the market for circulation. The price of OX remains at its original level. The OX FUN project was founded by Su Zhu, a former founder of Three Arrows Capital (3AC). As for this token minting event, the OX FUN official has not released any statement yet. Source: @oliversgriff.
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FUN-3.73%
01:53

The US court approved Three Arrows Capital's $1.53 billion claim against FTX.

The U.S. bankruptcy court has approved Three Arrows Capital's liquidator to expand the claim amount of FTX to 15.3 billion U.S. dollars, rejecting FTX's debtor's objections. Three Arrows Capital believes that FTX's liquidation is unfair and demands an increase in the claim amount. FTX, on the other hand, argues that the liquidation is reasonable. FTX is accused of undervaluing trades, breaching trust, and contracts in its dealings with Three Arrows Capital.
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05:57

Su Zhu: Re-purchased ETH and SOL at $3090 and $211, respectively.

Odaily Planet Daily News: Su Zhu announced on X that he has bought ETH again at the price of 3090 US dollars; bought SOL again at the price of 211 US dollars; increased the position of 3ac Token at the price of 0.0038 US dollars. The original plan was to buy ETH and at the price of 3000 US dollars and 200 US dollars respectively.
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ETH-3.92%
SOL2.59%
X-4.69%
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11:30

Planet Evening News

BTCETF outflows nearly $55 million, DBS Bank believes that blockchain technology needs sufficient participants, DWF Labs may sue former partners, Aptos supports USDT and processes 33 million transactions, ETH ETF outflows exceed $11 million, MicroStrategy announces BTC principles, TSL, AMD, and NVIDIA stock Volatility higher than BTC, good encryption applications do not need venture capital, short-term implied Volatility of BTC and ETH remains high.
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BTC-0.67%
APT-5.16%
ETH-3.92%
05:54

Suz's wife sold a trap property for $38.5 million.

Odaily Planet Daily News 3AC Lianchuang Suz's wife sold one trap property for $38.5 million ($51 million in new currency), despite the court freezing some of their other properties. It was sold in 2020 for $28.5 million.
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