US Securities and Exchange Commission Dismisses Lawsuits Against John McAfee and Fines Accomplice for ICO Promotion
Bitcoin - BTC, Avalanche - AVAX and Near - NEAR cryptocurrencies, and Deribit shares. Liquidators want access to these assets to facilitate creditor claims, which are worth at least $2.8 billion.
Court
documents outlining the insolvency of disgraced crypto hedge fund Three
Arrows Capital, also known as 3AC, may be overestimating the value of
the firm's remaining assets — specifically, its exposure to the crypto
options exchange.
documents outlining the insolvency of disgraced crypto hedge fund Three
Arrows Capital, also known as 3AC, may be overestimating the value of
the firm's remaining assets — specifically, its exposure to the crypto
options exchange.
In a 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin Islands court, 3AC was
described as insolvent and in need of being fully liquidated because
its management retain any remaining assets for the benefit of creditors.
The documents also detailed 3AC's remaining assets, which included
shares in Grayscale Bitcoin Trust - GBTC.
described as insolvent and in need of being fully liquidated because
its management retain any remaining assets for the benefit of creditors.
The documents also detailed 3AC's remaining assets, which included
shares in Grayscale Bitcoin Trust - GBTC.
Total
claims right now are $2.8bn. Many have not made any claims yet, or
quantified the amount of their claims for confidentiality reasons.
claims right now are $2.8bn. Many have not made any claims yet, or
quantified the amount of their claims for confidentiality reasons.
Expect
this figure to rise substantially as the deadline to make a claim is
right up to the day before distributions are to be made.
this figure to rise substantially as the deadline to make a claim is
right up to the day before distributions are to be made.
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