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Three Arrows Liquidators Ask Singapore Court to Recognize Company's BVI Bankruptcy: Straits Times
15.7.2022
Media in Singapore are reporting that Three Arrows’ liquidators are working to get Singaporean courts to recognize the British Virgin Islands (BVI) liquidation order
First Mover Asia: It Won't Be Easy for Creditors to Untangle Three Arrows Case, Singapore Lawyer Says
15.7.2022
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
Crypto Lender Nexo Moves Forward With Plan to Acquire Troubled Rival Vauld
6.7.2022
Leading cryptocurrency lender Nexo has offered to buy distressed competitor Vauld, which halted operations in the face of financial difficulties. The proposal comes after the Singapore-based company said it was exploring restructuring options. Nexo Secures Exclusive Agreement to Explore...
Singapore Considers Imposing New Restrictions on Crypto Trading
6.7.2022
The Monetary Authority of Singapore (MAS) has told Parliament that the central bank is considering imposing additional restrictions on cryptocurrency trading. They include “placing limits on retail participation, and rules on the use of leverage when transacting in cryptocurrencies.”...
Study Shows Singapore Leads in NFT Searches Worldwide, Researchers Say ‘Poland Is the Most Anti-NFT Country’
5.7.2022
During the past seven days, non-fungible token (NFT) sales have dropped 23.37% and 30-day statistics show NFT sales are down 63.10% from the month prior. While NFT interest has been waning, a recent study indicates that global regions like Singapore and Hong Kong lead the pack in terms of...
Singapore's financial watchdog considers further restrictions on crypto
4.7.2022
The Monetary Authority of Singapore may consider “placing limits on retail participation” for investors, as well as introduce rules on the use of leverage for crypto transactions
Singapore Mulls New Crypto Rules, KuCoin Denies Rumors, Meta Closes Novi + More News
4.7.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Singapore Mulls New Crypto Rules, KuCoin Denies Rumors, Meta Closes Novi + More News
Singapore's Central Bank Weighs Further Safeguards on Retail Crypto Trading
4.7.2022
The Monetary Authority of Singapore (MAS) is considering introducing further safeguards on access to crypto among the general public, a senior government minister said
Crypto Lender Vauld Suspends Withdrawals, Company Is Discussing ‘Restructuring Options’ With Advisors
4.7.2022
On July 4, the crypto lending company Vauld announced it suspended withdrawals, trading, and deposits after disclosing the firm is “facing challenges.” While not naming any specific companies, the Singapore-based cryptocurrency lending platform and exchange mentioned “financial...
Keys lost in the Vauld: Singapore crypto exchange freezes withdrawals
4.7.2022
Not your keys, not your coins. Crypto CeFi lender Vauld has suspended "all withdrawals, trading and deposits."
First Mover Asia: Singapore’s Monetary Authority Finally Notices Three Arrows’ Capital AUM Discrepancy; Bitcoin Holds Above $19K in Weekend Trading
4.7.2022
The Monetary Authority of Singapore’s reprimand of the crypto hedge fund for providing misleading information may only be a first step; bitcoin holds over $19K
Report: Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy
2.7.2022
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapter 15 proceeding so liquidators and creditors cannot seize the firm’s U.S. assets. 3AC Files...
Troubled Crypto Hedge Fund 3AC Reprimanded by Singapore’s Monetary Authority, Liquidators Eye Su Zhu’s Properties
1.7.2022
On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that...
Three Arrows CEO Zhu Su Seeks to Sell Luxury Singapore Mansion – Reports
1.7.2022
Zhu Su, the co-founder and CEO of the troubled crypto hedge fund Three Arrows Capital, is reportedly seeking to sell a mansion he owns in Singapore.
The CEO has been trying to offload at least one of his so-called good-class bungalows in the past couple of weeks, Bloomberg reported, citing...
Three Arrows Capital's Su Zhu Looks to Sell $35M Singapore House
1.7.2022
Zhu and his wife purchased the property in December 2021 for SGD 48.8 million ($35 million). Now they are selling it in what analysts are calling a slowing market
Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News
30.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Three Arrows Reprimanded by Singapore, Crypto AUMs at Record Low, N Korean Hackers + More News
Singapore reprimands 3AC for providing false information
30.6.2022
MAS said that the company had assets under management in excess of the permitted amount, and provided false information
Singapore Central Bank Reprimands Three Arrows Capital for Providing False Information
30.6.2022
The fund also exceeded the threshold of assets it could manage in Singapore, according to the central bank
After Nearly A Decade Of Development, Ubisoft's Pirate Game Likely Out November
29.6.2022
Thanks to some internet sleuthing, it seems the release date for Ubisoft’s upcoming pirate game, Skull And Bones, has leaked online. According to data found on the Xbox store, the game is set to release this November, which lines up with information Kotaku has heard about the game’s rocky...
Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News
27.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News