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Three Arrows Liquidators Ask Singapore Court to Recognize Company's BVI Bankruptcy: Straits Times

Three Arrows’ liquidators are working to get Singapore courts to recognize the British Virgin Islands liquidation order against it, in order to preserve the company's Singapore assets.

Three Arrows CapitalSingapore

Jul 15, 2022 at 8:19 a.m. UTC

Jul 15, 2022

Markets

First Mover Asia: It Won't Be Easy for Creditors to Untangle Three Arrows Case, Singapore Lawyer Says

The fallout continues from the crypto industry's slump, with fresh filings from Celsius, layoffs at OpenSea and a short-squeeze in Voyager's tokens. PLUS: We talked to a Singapore-based lawyer about the Gordian knot that is the Three Arrows bankruptcy case.

By Bradley Keoun Sam Reynolds

Jul 14, 2022 at 11:46 p.m. UTC

Jul 14, 2022

Markets

First Mover Asia: There's No Universally Accepted Way to Value Three Arrows' NFTs

CoinDesk's Sam Reynolds examines alternate methodologies for valuing the beleaguered crypto hedge fund's NFT collection. Bitcoin slides for a straight fifth day, and doubts are forming over whether the market has hit a bottom.

By Bradley Keoun Sam Reynolds

Jul 13, 2022 at 12:18 a.m. UTC

Jul 13, 2022

Business

Three Arrows Founder Says Attempt to Work With Liquidators Met With 'Baiting'

In a first tweet since the crypto hedge fund imploded, Three Arrows co-founder Su Zhu posted screenshots from legal counsel saying the fund's principals are willing to work with liquidators.

Three Arrows CapitalBankruptcySingapore

Jul 12, 2022 at 10:54 a.m. UTC

Jul 12, 2022

Markets

First Mover Asia: Does Anyone Care Anymore if Bitcoin Dips Below $20K?

The more blasé crypto analysts become about a bitcoin price in the $10,000s, the more it seems like the bottom is in. Plus: The euro on Monday approached parity with the U.S. dollar.

By Bradley Keoun Shaurya Malwa Sam Reynolds

Jul 12, 2022 at 12:15 a.m. UTC

Jul 12, 2022

Business

Three Arrows Creditors Get Emergency Hearing as Founders Fail to 'Cooperate'

Creditors say the fund’s remaining assets could be “transferred or otherwise disposed of” before creditors get their share.

Three Arrows CapitalSingaporeBankruptcyUS

Jul 11, 2022 at 4:27 a.m. UTC

Jul 11, 2022

Markets

First Mover Asia: Bitcoin Slides; Mixed Crypto Legacy in Hong Kong for the FCA's Incoming CEO

Bitcoin slides for third day, heads back down toward $20K.

By Sam Reynolds Bradley Keoun Greg Ahlstrand

Jul 11, 2022 at 12:28 a.m. UTC

Jul 11, 2022

Markets

Three Arrows Wanted a $100M NFT Collection. Instead, It’s Worth Less Than $5M

The company had dreams of institutional interest in non-fungible tokens. But as the firm declares bankruptcy, the NFT collection is worth a paltry sum. One investor has written off its entire investment in the "Starry Night" fund.

Jul 8, 2022 at 4:18 p.m. UTC

Jul 8, 2022

Three Arrows CapitalNFTs

Business

Hong kong

Hong Kong Regulator Ashley Alder to Head UK Financial Supervisor

He leaves a legacy of mixed crypto regulations in Hong Kong that saw crypto exchange FTX depart the city and retail investors largely excluded.