Hodlnaut, a Singapore-based crypto lender, pauses its withdrawal, token swaps and deposits citing “market conditions,” and several days laterVoyager Digital, a crypto broker, files for Chapter 11 following a $660 million dollar default from Three Arrows Capital, a crypto hedge fund, pausing withdrawals days before going bankrupt, and now owes $1.3 billion across its 100,000 creditors.
Three Arrows Capital , a Singapore-based crypto hedge fund managing close to $10 billion in assets, files for Chapter 15 bankruptcy to seek protection from creditors following the collapse of popular cryptocurrency TerraUSD, in which 3AC had a significant investment in.TerraLabs, a popular blockchain with its cryptocurrency TerraUSD pegged by the U.S.
The dedication forbes has for making sure crypto doesn’t survive is remarkable 🥱