Voyager Digital, a high-profile crypto broker, has filed for bankruptcy, citing market volatility and the surprising collapse of Three Arrows Capital, just weeks after it suspended withdrawals, trading and deposits on its platform.
Crypto hedge fund Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in New York, according to a report in Bloomberg.
KEY POINTS * Three Arrows Capital, a crypto-focused hedge fund, has to meet a deadline on Monday to repay more than $670 million
It’s an unprecedented move in world of DeFi, which aims to recreate lending and other financial services without the involvement of intermediaries like banks.
A cryptocurrency investor has sued Elon Musk for $258 billion, saying the Tesla co-founder ran a pyramid scheme via dogecoin
Crypto lending platform, Celsius, announced Monday that it had paused all "withdrawals, Swap, and transfers between accounts," blaming the move on "extreme market conditions."
A detailed proposal aims to improve governance and tap into the raw power of modern decentralzed finance innovation.
Binance plans to list LUNA 2.0 as soon as the airdrop of tokens is distributed to users on May 31 and the price of LUNA is running up ahead of the event.