The Latest Breaking News from Three Arrows Capital

Sam Bankman-Fried was supposed to be different than the run-of-the-mill crypto types. He was this wunderkind with a preternatural gift for math who had quickly built a crypto empire and then shrewdly expanded it during the worst of the industry’s meltdown this summer.

Voyager had snubbed an earlier offer from FTX to purchase its assets, describing the proposal as a ‘low-ball bid dressed up as a white knight rescue.’

Luna and its sister token UST collapsed in May. An arrest warrant for their main founder has been issued.

Cryptocurrency prices are recovering a bit after comments from Fed Chairman Jerome Powell sparked a brutal slide.

Bitcoin, the largest cryptocurrency in the world, was created in 2009 during the depths of the great financial crisis. It took a while to gain traction, but it, along with other cryptocurrencies, has since exploded into a major market worth around $1 trillion.

The billionaire and crypto investor was in business with Voyager Digital which went bankrupt early July.

In the simplest terms, cryptocurrency is internet money and digital assets. Cryptocurrencies have made headlines for eye-popping valuations — and crashes. Bitcoin soared to all-time-highs of $69,000 last November, but has free-fallen to around $22,000. Long term crypto bulls, nicknamed maxi's — short for maximalists — believe the technology will…

Voyager Digital's CEO sold $31 million of shares a year and a half before the company's bankruptcy, a media report says.

Most financially troubled crypto lenders have one thing in common: hedge fund Three Arrows Capital.

Zipmex, a cryptocurrency exchange that operates in Singapore and Thailand, has halted withdrawals as the fallout from a series of defaults spreads further throughout the digital-assets industry.

As Three Arrows Capital (3AC) goes through the liquidation process mandated by the Order of the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands, the full depth of the company's implosion and its effect on the crypto industry is starting to become clear.