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” Source claims 3AC’s Deribit exposure is worth much less than reported “ Court documents that describe the insolvency of failed 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 crypto options exchange Deribit. In a 1,100-page affidavit composed by…
” 3AC liquidators seek time, access to headquarters as Genesis, Algorand ties are untangled “ The liquidators of failed crypto hedge fund Three Arrows Capital (3AC) have filed an application in the High Court of Singapore for a stay on claims against 3AC and access to the company’s Singapore headquarters. The liquidators said in the…
” SEC dismisses claims against John McAfee, fines accomplice for ICO promo “ The United States Securities and Exchange Commission (SEC) obtained the final judgment for an initial coin offering (ICO) promotion scheme against late entrepreneur John McAfee and accomplice Jimmy Gale Watson, Jr., filed on October 5, 2020. In the original complaint, the SEC…
” Celsius bankruptcy filings show a company in deep trouble “ Celsius’ bankruptcy filing has revealed some unpleasant surprises about the state of the crypto lending platform, including a $1.2 billion deficit formed largely as a result of user deposits. A chapter 11 bankruptcy document signed off by Celsius CEO Alex Mashinsky on July 14…
” Liquidators can subpoena 3AC founders despite ‘tricky issues’ with crypto assets “ A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies. According to a report by Law360 on July 12, U.S. Bankruptcy Judge Martin Glenn issued…
” Web3 activists fight for reproductive rights with NFTs, DAOs and protests “ Web3 community members are fighting back against the United States Supreme Court’s ruling to overturn Roe v. Wade. On June 24, 2022, the landmark court case that previously assured the right to have an abortion was overturned, sparking a backlash among reproductive…
“Sheryl Sandberg says Roe v. Wade reversal is a ‘huge setback’” Outgoing Meta COO Sheryl Sandberg slammed the Supreme Court’s 6-3 decision Friday to overturn the Roe v. Wade ruling that legalized abortion at the federal level — calling it a “huge setback” for the United States. Sandberg, 52, decried the situation in a lengthy…
” Elon Musk’s support for Dogecoin grows stronger following $258B lawsuit “ Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE). On June 16, a New York district court received a class action complaint against the world’s richest man…
” Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit “ Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE). The damages sought are more than 34 times Dogecoin’s current market…
“Britney Spears’ ex Jason Alexander denied bail reduction” LOS ANGELES – A California judge denied Jason Alexander’s bid to get out of jail after he was charged with stalking for crashing his ex-wife Britney Spears’ wedding, court records show. Alexander, who was married to the pop icon for 55 hours in January 2004, asked Ventura…