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According to a recent report from Sky News citing a source familiar with the matter, “cryptocurrency insiders” have said that the troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Virgin Islands (BVI) court. The report does not disclose what type of assets face liquidation, but the sources remarked … Read more
A number of class-action lawsuits have been filed against various digital asset firms and exchanges on Friday. The U.S.-based “litigation boutique,” Roche Cyrulnik Freedman, filed the lawsuit for three plaintiffs in the Southern District of New York. All three lawsuits claim that organizations like the Tron Foundation, Bitmex, Binance, Bibox and Block.one allegedly sold unregistered … Read more
A prominent Twitter-based critic of Bitfinex, AB33, has announced his intention to initiate a class-action lawsuit against Ifinex – a BVI based company of which Bitfinex has previously asserted it is owned and operated by. The announcement of AB33’s desire to seek litigation against the company came shortly after the surfacing of documents revealing that … Read more
