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.
So sad for people who didn’t have the money to lose.
You forget, the kids like to buy bankrupt meme stuff. They are very charitable people.