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WINTERMUTE CEO SKEPTICAL OF INSTITUTIONAL BLOWOUT RUMORS
Wintermute CEO Evgeny Gaevoy expressed skepticism regarding recent market rumors of "institutional blowouts," questioning their impact. He observed no significant spillover effects or credible confirmation, unlike past events such as 3AC or FTX, noting current rumors stem from anonymous sources.
Gaevoy highlighted that present market leverage predominantly originates from perpetual contracts, a structure he deems more orderly than prior cycles' opaque, uncollateralized lending. He also pointed to improved exchange margin management and ADL mechanisms.
Additionally, he believes institutions are unlikely to repeat the FTX model of investing user deposits into illiquid assets. He further noted the significant legal risks of publicly denying actual bankruptcy, particularly for entities in regulated jurisdictions. #MarketOutlook #3ac #ftx #news #USDT
$BTC
$BB
$JUV
Wintermute CEO Evgeny Gaevoy expressed skepticism regarding recent market rumors of "institutional blowouts," questioning their impact. He observed no significant spillover effects or credible confirmation, unlike past events such as 3AC or FTX, noting current rumors stem from anonymous sources.
Gaevoy highlighted that present market leverage predominantly originates from perpetual contracts, a structure he deems more orderly than prior cycles' opaque, uncollateralized lending. He also pointed to improved exchange margin management and ADL mechanisms.
Additionally, he believes institutions are unlikely to repeat the FTX model of investing user deposits into illiquid assets. He further noted the significant legal risks of publicly denying actual bankruptcy, particularly for entities in regulated jurisdictions. #MarketOutlook #3ac #ftx #news #USDT
$BTC
$BB
$JUV
⚡️ NEW: FTX lawyers are pushing to dismiss 3AC’s $1.5B bankruptcy claim.
They argue 3AC’s losses were self-inflicted - stemming from poor trading and risky withdrawals, not FTX’s actions. 👀
#FTX #3AC #CryptoNews #Bankruptcy #CryptoNews #CryptoMarket #Investing
They argue 3AC’s losses were self-inflicted - stemming from poor trading and risky withdrawals, not FTX’s actions. 👀
#FTX #3AC #CryptoNews #Bankruptcy #CryptoNews #CryptoMarket #Investing
1. An address starting with 0xc7c, labeled 'Teneo: 3AC Liquidation,' currently holds $602 million in crypto assets.
2. The majority of its holdings are in WLD (Worldcoin) with a value of $567 million (75 million tokens), constituting 94.1% of the wallet's total assets.
3. Other assets in the wallet include 8.437 million DYDX (approximately $26.91 million), 5.75 million USDC, and 160,000 AXS (worth approximately $1.32 million).
4. The address is associated with Three Arrows Capital, indicating significant investment in Worldcoin in 2021.
5. Zhu Su expressed satisfaction that 3AC (Three Arrows Capital) creditors are among the largest WLD holding addresses.
#3ac
2. The majority of its holdings are in WLD (Worldcoin) with a value of $567 million (75 million tokens), constituting 94.1% of the wallet's total assets.
3. Other assets in the wallet include 8.437 million DYDX (approximately $26.91 million), 5.75 million USDC, and 160,000 AXS (worth approximately $1.32 million).
4. The address is associated with Three Arrows Capital, indicating significant investment in Worldcoin in 2021.
5. Zhu Su expressed satisfaction that 3AC (Three Arrows Capital) creditors are among the largest WLD holding addresses.
#3ac
The Legal Battle Between 3AC and FTX: Reclaiming 1.5 Billion USD or Just "Grasping at Straws"?
The lawsuit between Three Arrows Capital (3AC) and FTX has taken a new turn as a U.S. court allowed 3AC to expand its compensation request from 120 million USD to 1.53 billion USD. This is a significant development in the legal battle between two of the names that once shook the crypto market.
Does 3AC really have the right to reclaim this huge sum, or is this just a last-ditch effort to salvage assets after the historic collapse?
Does 3AC really have the right to reclaim this huge sum, or is this just a last-ditch effort to salvage assets after the historic collapse?
DCG Accepts $38 Million Fine: A Costly Lesson on Transparency
Digital Currency Group (#DCG ) and former CEO of Genesis, Michael Moro, have just agreed to pay $38 million to settle allegations from the U.S. Securities and Exchange Commission (SEC). The allegations revolve around DCG hiding serious financial risks related to Genesis Global Capital, the lending unit that went bankrupt.
The Case Started in June 2022
According to SEC documents, in mid-2022, a major client of Genesis, Three Arrows Capital (#3AC ), defaulted on a loan worth $2.4 billion, causing at least $1 billion in losses for Genesis.
The Case Started in June 2022
According to SEC documents, in mid-2022, a major client of Genesis, Three Arrows Capital (#3AC ), defaulted on a loan worth $2.4 billion, causing at least $1 billion in losses for Genesis.
Open Exchange (OPNX) , a cryptocurrency exchange founded by Three Arrows Capital co-founders, will close operations in two weeks, requiring trading positions to be closed by February 7 and funds withdrawn by February 14.
#OPNX #openexchange #3ac
#OPNX #openexchange #3ac
🔔 3AC Co-Founder Kyle Davies says, Won't Apologize for Crypto Hedge Fund's Bankruptcy !
Kyle Davies, co-founder of the now-defunct Three Arrows Capital (3AC), expressed no remorse for the hedge fund's bankruptcy during an episode of the Unchained Podcast on March 19.
#Write2Earn #3ac #ThreeArrowCapital
Kyle Davies, co-founder of the now-defunct Three Arrows Capital (3AC), expressed no remorse for the hedge fund's bankruptcy during an episode of the Unchained Podcast on March 19.
#Write2Earn #3ac #ThreeArrowCapital
In the middle of the scrutiny following the collapse of #ThreeArrowCapital , Zhu Su’s wife managed to sell her Singapore luxury property for S$51 million, or about $38.5 million.
The sale was completed this October after its signing in July. It happened amid scrutiny by authorities into assets linked to #ZhuSu and his co-founder Kyle Davies.
It was first bought over by Evelyn in 2020 for S$28.5 million and subsequently redeveloped into a good-class bungalow, which almost immediately appreciated substantially in value despite the tumultuous financial position of #3ac .
The sale was completed this October after its signing in July. It happened amid scrutiny by authorities into assets linked to #ZhuSu and his co-founder Kyle Davies.
It was first bought over by Evelyn in 2020 for S$28.5 million and subsequently redeveloped into a good-class bungalow, which almost immediately appreciated substantially in value despite the tumultuous financial position of #3ac .
🚨 FTX Pushes Back: Rejects Three Arrows Capital’s $1.53B Claim 🚨
📢 In the latest clash of collapsed crypto giants, FTX has officially rejected the massive $1.53 billion bankruptcy claim filed by Three Arrows Capital (3AC) — calling the hedge fund's losses “self-inflicted.”
🔍 This comes after a Delaware court recently allowed 3AC to boost its claim from $120M → $1.53B
📉 FTX lawyers argue the claim should be "disallowed in its entirety"
⚖️ With both firms infamous for their roles in 2022’s crypto contagion, this courtroom showdown could reshape how bankruptcy claims are handled in the Web3 space.
💭 Do you think 3AC has a valid case — or is FTX right to push back?
#FTX #3AC #CryptoLitigation #Bankruptcy #DigitalAssets
https://coingape.com/ftx-says-no-to-3acs-1-53b-claim/
📢 In the latest clash of collapsed crypto giants, FTX has officially rejected the massive $1.53 billion bankruptcy claim filed by Three Arrows Capital (3AC) — calling the hedge fund's losses “self-inflicted.”
🔍 This comes after a Delaware court recently allowed 3AC to boost its claim from $120M → $1.53B
📉 FTX lawyers argue the claim should be "disallowed in its entirety"
⚖️ With both firms infamous for their roles in 2022’s crypto contagion, this courtroom showdown could reshape how bankruptcy claims are handled in the Web3 space.
💭 Do you think 3AC has a valid case — or is FTX right to push back?
#FTX #3AC #CryptoLitigation #Bankruptcy #DigitalAssets
https://coingape.com/ftx-says-no-to-3acs-1-53b-claim/
FTX Challenges $1.53B Claim from Three Arrows Capital
#FTX has filed a strong objection to a $1.53 billion claim by 3AC’s liquidators, stating the hedge fund’s losses were self-inflicted due to high-risk trading—not FTX’s actions. The legal filing disputes the account balance calculations and defends a prior $82M liquidation as contractually justified. A hearing is set for August 12. #CryptoNews #3AC #FTXbankruptcy
#FTX has filed a strong objection to a $1.53 billion claim by 3AC’s liquidators, stating the hedge fund’s losses were self-inflicted due to high-risk trading—not FTX’s actions. The legal filing disputes the account balance calculations and defends a prior $82M liquidation as contractually justified. A hearing is set for August 12. #CryptoNews #3AC #FTXbankruptcy
3AC's Su Zhu to be released and faces trial in Singapore
Su Zhu, co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), will be released this month following his arrest in September for failing to cooperate with liquidation efforts, Bloomberg reported, citing sources familiar with the matter.
Zhu also faces two days of questioning in a Singapore court this week, Bloomberg added.
The hearing requires him to respond to liquidator Teneo's lawyers for the first time as he seeks to gather information on behalf of creditors owed $3.5 billion following the collapse of 3AC last year. Details sought include the cause of the fund's bankruptcy and the location of the assets. The information will be shared with creditors to help maximize recoveries, Bloomberg's sources said, requesting anonymity as the proceedings are private.
The proceedings are a civil matter and Zhu has not faced any criminal charges in Singapore.
#BRC20 #3ac #altcoins❗️ #BTC #AVAX
Su Zhu, co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), will be released this month following his arrest in September for failing to cooperate with liquidation efforts, Bloomberg reported, citing sources familiar with the matter.
Zhu also faces two days of questioning in a Singapore court this week, Bloomberg added.
The hearing requires him to respond to liquidator Teneo's lawyers for the first time as he seeks to gather information on behalf of creditors owed $3.5 billion following the collapse of 3AC last year. Details sought include the cause of the fund's bankruptcy and the location of the assets. The information will be shared with creditors to help maximize recoveries, Bloomberg's sources said, requesting anonymity as the proceedings are private.
The proceedings are a civil matter and Zhu has not faced any criminal charges in Singapore.
#BRC20 #3ac #altcoins❗️ #BTC #AVAX
⚠️
FTX compensates 1.53 billion USD to Three Arrows Capital
🔊
The Delaware bankruptcy court allows Three Arrows Capital (3AC) to increase its compensation claim from 120 million USD to 1.53 billion USD against FTX. The decision further heats up the legal battle among creditors, affecting FTX's restructuring process.
☑️
In November 2024, the liquidator of 3AC submitted a request to increase the compensation after discovering several actions deemed "illegal" during FTX's handling of assets. 3AC argues that FTX unilaterally liquidated assets worth 1.53 billion USD to settle debts, harming creditors.
💯
In addition, the ambiguity regarding procedures and FTX's continuous evasion of the bankruptcy process has prolonged since February when FTX began distributing assets.
💵
Judge John Dorsey sided with 3AC, determining that the new compensation claim does not affect the bankruptcy process, but rather FTX is the cause of the delays.
📣
The new decision is expected to directly impact FTX's asset distribution plan. Initially, FTX stated it prioritized small creditors, but the large claim from 3AC could reduce the repayment rate. The relationship between FTX and 3AC continues to be in the spotlight as the legal scandal between the two escalates.
#Coinbay #FTX #3AC
FTX compensates 1.53 billion USD to Three Arrows Capital
🔊
The Delaware bankruptcy court allows Three Arrows Capital (3AC) to increase its compensation claim from 120 million USD to 1.53 billion USD against FTX. The decision further heats up the legal battle among creditors, affecting FTX's restructuring process.
☑️
In November 2024, the liquidator of 3AC submitted a request to increase the compensation after discovering several actions deemed "illegal" during FTX's handling of assets. 3AC argues that FTX unilaterally liquidated assets worth 1.53 billion USD to settle debts, harming creditors.
💯
In addition, the ambiguity regarding procedures and FTX's continuous evasion of the bankruptcy process has prolonged since February when FTX began distributing assets.
💵
Judge John Dorsey sided with 3AC, determining that the new compensation claim does not affect the bankruptcy process, but rather FTX is the cause of the delays.
📣
The new decision is expected to directly impact FTX's asset distribution plan. Initially, FTX stated it prioritized small creditors, but the large claim from 3AC could reduce the repayment rate. The relationship between FTX and 3AC continues to be in the spotlight as the legal scandal between the two escalates.
#Coinbay #FTX #3AC
💥 FTX hits back at 3AC's $1.53B claim, calling it "unreasonable and unsupportable."
The legal battle heats up as FTX pushes back against accusations. 🏛️⚖️
#CryptoNews #FTX #3AC #LegalDrama #Crypto #CryptoMarket #Investing
The legal battle heats up as FTX pushes back against accusations. 🏛️⚖️
#CryptoNews #FTX #3AC #LegalDrama #Crypto #CryptoMarket #Investing
Su Zhu’s rise & fall with Three Arrows Capital (3AC) is a cautionary tale of crypto's highs and lows. From managing $10B to bankruptcy, legal trouble, & a lavish lifestyle unraveling—here’s what happened:
#CryptoCrash #ThreeArrowsCapital #SuZhu #CryptoNews #3AC #Write2Earn #HaveYouBinanced
#CryptoCrash #ThreeArrowsCapital #SuZhu #CryptoNews #3AC #Write2Earn #HaveYouBinanced
3AC Company Receives Court Approval to Increase Bankruptcy Claim Amount: Details
The liquidators of "Three Arrows Capital," abbreviated as "3AC," have obtained court approval to increase their bankruptcy claim from $120 million to $1.5 billion, following new evidence revealing that the company owned assets worth this amount on the FTX cryptocurrency exchange prior to its bankruptcy.
Despite objections from FTX's debtors citing delays and weak notification, the court found that the original claim was sufficient, noting that FTX withheld financial information that contributed to the delays.
The liquidators are also seeking a claim of $1.3 billion against "Terraform Labs," accusing it of manipulating the prices of UST and LUNA, which resulted in massive losses for "3AC" before the collapse of the Terra project in 2022
#3ac #FTX #UST #LUNA✅
$USTC
$LUNA
The liquidators of "Three Arrows Capital," abbreviated as "3AC," have obtained court approval to increase their bankruptcy claim from $120 million to $1.5 billion, following new evidence revealing that the company owned assets worth this amount on the FTX cryptocurrency exchange prior to its bankruptcy.
Despite objections from FTX's debtors citing delays and weak notification, the court found that the original claim was sufficient, noting that FTX withheld financial information that contributed to the delays.
The liquidators are also seeking a claim of $1.3 billion against "Terraform Labs," accusing it of manipulating the prices of UST and LUNA, which resulted in massive losses for "3AC" before the collapse of the Terra project in 2022
#3ac #FTX #UST #LUNA✅
$USTC
$LUNA
From $3B to Vanished: The Fall of Su Zhu & Three Arrows Capital
In 2021, Su Zhu sat atop the crypto world — co-founder of Three Arrows Capital, a hedge fund with billions under management and an ego to match. Traders worshipped him. Billionaires backed him. Everyone believed he saw the future.
But no one saw the tsunami of leverage beneath the surface.
3AC didn’t just borrow. It doubled down on borrowed money, stacked risk on risk, and went all-in — including a $500 million bet on LUNA. When LUNA collapsed in 2022, it didn’t just lose value. It vaporized. And so did 3AC’s empire.
72 hours. That’s how long it took for one of the biggest crypto hedge funds to implode.
Creditors? Left scrambling. Investors? Burned. Trust? Shattered. Su Zhu? Vanished.
Why it all collapsed:
No risk controls.
Reckless leverage.
Total lack of transparency.
3AC’s model thrived only in a bull market. The second the tide went out, the naked truth was exposed.
This wasn’t just a crash — it was a reckoning. And a reminder:
> In crypto, leverage isn’t strategy. It’s a time bomb.
#3AC #CryptoCollapse #DeFiDisaster #Write2Earn
But no one saw the tsunami of leverage beneath the surface.
3AC didn’t just borrow. It doubled down on borrowed money, stacked risk on risk, and went all-in — including a $500 million bet on LUNA. When LUNA collapsed in 2022, it didn’t just lose value. It vaporized. And so did 3AC’s empire.
72 hours. That’s how long it took for one of the biggest crypto hedge funds to implode.
Creditors? Left scrambling. Investors? Burned. Trust? Shattered. Su Zhu? Vanished.
Why it all collapsed:
No risk controls.
Reckless leverage.
Total lack of transparency.
3AC’s model thrived only in a bull market. The second the tide went out, the naked truth was exposed.
This wasn’t just a crash — it was a reckoning. And a reminder:
> In crypto, leverage isn’t strategy. It’s a time bomb.
#3AC #CryptoCollapse #DeFiDisaster #Write2Earn
US court approves Three Arrows Capital's $1.53 billion claim against FTX
A US bankruptcy court has approved 3AC's expanded $1.53 billion claim against FTX.
FTX's debtors objected, but the court dismissed their claims as invalid.
A US bankruptcy court has granted the liquidators of collapsed hedge fund Three Arrows Capital (3AC) a request to expand their claims against FTX to $1.53 billion. The ruling, issued by Judge John T. Dorsey of the US Bankruptcy Court for the District of Delaware, rejected the FTX debtors' objections and allowed 3AC to seek greater compensation.
The court determined that 3AC's liquidators had provided sufficient notice of their claims. Judge Dorsey noted that the delay in filing the claims was primarily due to FTX's failure to provide key financial records on time.
FTX's debtors, led by CEO John Ray III, opposed this expansion. They argued that the amendment introduced new legal claims and significantly increased the amount sought. However, the court ruled that 3AC's original request had already notified FTX of the potential claims, rendering the objections invalid.
#ftx #3AC
A US bankruptcy court has approved 3AC's expanded $1.53 billion claim against FTX.
FTX's debtors objected, but the court dismissed their claims as invalid.
A US bankruptcy court has granted the liquidators of collapsed hedge fund Three Arrows Capital (3AC) a request to expand their claims against FTX to $1.53 billion. The ruling, issued by Judge John T. Dorsey of the US Bankruptcy Court for the District of Delaware, rejected the FTX debtors' objections and allowed 3AC to seek greater compensation.
The court determined that 3AC's liquidators had provided sufficient notice of their claims. Judge Dorsey noted that the delay in filing the claims was primarily due to FTX's failure to provide key financial records on time.
FTX's debtors, led by CEO John Ray III, opposed this expansion. They argued that the amendment introduced new legal claims and significantly increased the amount sought. However, the court ruled that 3AC's original request had already notified FTX of the potential claims, rendering the objections invalid.
#ftx #3AC
🔥 Urgent: FTX Rejects 3AC's $1.5 Billion Bankruptcy Claim!
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📅 Details:
FTX's lawyers are requesting the rejection of Three Arrows Capital (3AC)'s $1.53 billion claim in the FTX bankruptcy case, arguing that 3AC's losses resulted from its trading decisions and withdrawals.
━━━━━━━━━━━━━━━
📌 Key Points:
– 3AC requested to increase the claim from $120 million to $1.53 billion based on the liquidation of its assets in 2022.
– FTX: The liquidation was $82 million and consistent with the contracts.
– A hearing is scheduled for August 12, 2025.
━━━━━━━━━━━━━━━
📈 What Does This Mean?
– FTX is defending its creditors against 3AC's claims, which it considers "unreasonable."
– The case may impact the distribution of FTX's remaining assets.
━━━━━━━━━━━━━━━
❓ Do you think 3AC will win the claim or will FTX succeed in rejecting it?
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📍 If you liked the content, support me with a like and follow to receive all the latest updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #FTX #3AC
━━━━━━━━━━━━━━━
📅 Details:
FTX's lawyers are requesting the rejection of Three Arrows Capital (3AC)'s $1.53 billion claim in the FTX bankruptcy case, arguing that 3AC's losses resulted from its trading decisions and withdrawals.
━━━━━━━━━━━━━━━
📌 Key Points:
– 3AC requested to increase the claim from $120 million to $1.53 billion based on the liquidation of its assets in 2022.
– FTX: The liquidation was $82 million and consistent with the contracts.
– A hearing is scheduled for August 12, 2025.
━━━━━━━━━━━━━━━
📈 What Does This Mean?
– FTX is defending its creditors against 3AC's claims, which it considers "unreasonable."
– The case may impact the distribution of FTX's remaining assets.
━━━━━━━━━━━━━━━
❓ Do you think 3AC will win the claim or will FTX succeed in rejecting it?
━━━━━━━━━━━━━━━
📍 If you liked the content, support me with a like and follow to receive all the latest updates
LEGENDARY_007
#CryptoNewss #LEGENDARY_007 #FTX #3AC
#Onchainlens
#machibigbrother ( @machibigbrother ) is DCA-ing into #3ac .
In the last 10 hours, #Machi has bought 325,020 $3AC for 9 $ETH ($23,922). He now holds 3.6M $3AC bought with 134 $ETH , worth $361K, bought at an average price of $0.067.
Currently, these $3AC are valued at $247K, meaning he is facing a loss of $113K.
#machibigbrother ( @machibigbrother ) is DCA-ing into #3ac .
In the last 10 hours, #Machi has bought 325,020 $3AC for 9 $ETH ($23,922). He now holds 3.6M $3AC bought with 134 $ETH , worth $361K, bought at an average price of $0.067.
Currently, these $3AC are valued at $247K, meaning he is facing a loss of $113K.
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