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Three Arrows Capital co-founder Su Zhu had a $1.4 billion stake in the offshore fund that pooled together the crypto fund’s assets, according to an affidavit from co-founder Kyle Davies. In the affidavit, filed on June 27 under the pseudonym “Robert Gardner,” Davies goes on to say that because of the recent crypto market downturn, “much of the value of…
Link to embedded Tweet. Featuring the commentary from a Twitter Spaces with CEO of Blammo Media, Boris van de Ven, who will be a speaker at Bitcoin Amsterdam, October 18 to 20, 2022. (Disclaimer: BTC Inc. owns both Bitcoin Amsterdam and Bitcoin Magazine.) It’s week four of the Dutch farmers’ uprising in the Netherlands and there is no sign of…
Skybridge Capital has suspended withdrawals from its Legion Strategies fund – one of the firm’s funds with crypto exposure. Founder Anthony Scaramucci confirmed the move July 19 in an interview on CNBC, after Bloomberg reported it a day earlier citing anonymous sources. “Our board made the decision to temporarily suspend until we can raise capital inside the fund,” Scaramucci told…
Figment, the blockchain infrastructure company, announced today that it will support Ethereum validators in their pursuit of MEV once the network moves to proof of stake. MEV, or “maximal extractable value,” refers to the process by which individuals who create new ETH can further profit by manipulating their control over the network and prioritizing certain users’ transactions. Clayton Menzel, head…
On Tuesday, the Ethereum Name Service, or ENS, domain Amazon.eth received an offer for 1 million USDC (a stablecoin pegged to the U.S. dollar) from an anonymous wallet address on OpenSea. The offer to buy the ENS domain went unanswered however, and no transaction took place. This is despite the last sale of the domain name being five months ago for…
The United States Department of Justice has seized and returned roughly $500,000 in fiat and crypto from a hacking group tied to the North Korean government, which included two crypto payments made by U.S. health care providers. In a Tuesday announcement, the Justice Department said in conjunction with the FBI it had investigated a $100,000 ransomware payment in Bitcoin (BTC)…
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging…
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 an 1,100-page affidavit composed by liquidator Russell Crumpler and filed in a British Virgin Islands court, 3AC was described as “insolvent” and in…
The FBI and U.S. Justice Department last year thwarted attempts by North Korean state-sponsored hackers to cripple an American hospital—seizing $500,000 in cryptocurrency and ransom payments in the process. In a Tuesday statement, the DOJ’s Deputy Attorney General Lisa O. Monaco said the North Korean group hacked a Kansas hospital’s system in 2021 and demanded a ransom, threatening to cripple…
