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The Latest Breaking News from 3AC

NFL Legend Rob Gronkowski To Pay $1.9M To Settle Voyager Digital Investors Lawsuit

Ron Gronkowski has agreed to settle majority of the "millions" that plaintiffs are set to receive in relation to their complaint against the NFL great and other sports figures over their promotion of collapsed crypto lender Voyager Digital.

International Business Times

Digital Currency Group, CEO Barry Silbert Move To Dismiss New York AG Lawsuit

DCG and its CEO have filed motions to dismiss the case filed by New York's attorney general, saying the allegations made in the complaint were mischaracterizations of a company that was supporting its subsidiary in good faith when it was financially troubled.

International Business Times

Judge Approves BlockFi Settlement With 3AC, But Denies Documents' Unsealing

BlockFi and 3AC have been allowed to proceed with their settlement, but the details of which will remain confidential for several reasons that include the defunct crypto hedge fund's ongoing bankruptcy proceedings.

International Business Times

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Crypto Exchange OPNX To Shut Down As FTX Bankruptcy Claims Reach 'Recovery'

OPNX, the exchange founded by two of the people behind fallen crypto hedge fund Three Arrows Capital, will shut down this month.

International Business Times

Cofounder of bankrupt crypto hedge fund Three Arrows Capital arrested trying to flee Singapore

Three Arrows cofounder Su Zhu was reportedly apprehended at Singapore Changi Airport.

Fortune

Why are there so few great startup founders in their 20s? Some blame crypto

One writers suggests there are fewer founders because promising entrepreneurs went into crypto and found a dead end.

Fortune

Former Crypto Star Arrested After Months on the Run

Do Kwon, the founder of Terraform Labs, the ecosystem behind the Luna and UST cryptocurrencies which collapsed last May, has been arrested in Montenegro, according to local authorities.

The Street

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Fugitive Crypto Executive Found Hiding in Balkans

Do Kwon, the founder of Terraform Labs, the ecosystem behind the Luna and UST cryptocurrencies which collapsed last May, has been arrested in Montenegro, according to local authorities.

The Street

Seriously? The 3AC hedge fund bros are raising $25M for a new crypto exchange

After burning Three Arrows Capital investors, fugitives Kyle Davies and Su Zhu want money to start an exchange for crypto bankruptcy claims.

Fortune

DCG's Silbert fishes for sympahy in crypto row with Winklevoss twin

Instead of the heady days of the Fed-induced asset bubble, times have been personally and professionally tough for the owner of crypto lender Genesis.

Fortune

FTX Collapse: Dispute Between Billionaires Winklevoss, Silbert Escalates

The bankruptcy of the cryptocurrency exchange FTX has reverberated through the crypto space.

The Street

Mark Cuban Warns of Potential New Crypto Scandal and Fraud

The billionaire investor tells TheStreet that a new scandal will soon rock the cryptocurrency industry.

The Street

Crypto Price Check: Ringing Out '22, Looking to the New Year

After a bruising year of bankruptcies and criminal investigations, crypto investors are hoping better times are coming in 2023.

The Street

Crypto's Disastrous Year Continues With Another Closure

The ripple effect of another major crypto exchange shuttering some operations is causing cryptocurrencies to struggle.

The Street

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The Street

FTX, Luna, Celsius, Voyager: The Year of Crypto Bankruptcies

This year was a dark streak for the crypto industry, which has certainly been shaken up but should use this as an opportunity to mature.

The Street

FTX Collapse: Bankman-Fried's Rise Ends in a Jail Cell

Until the morning of Nov. 8, Sam Bankman-Fried, the founder of the cryptocurrency exchange sat on top of the crypto world.

The Street

FTX, BlockFi, Voyager, Celsius: Awful Year For Crypto Investors

Millions of retail investors have lost their savings in the resounding bankruptcies of crypto firms.

inkl Originals

The Weekly Wrap for Saturday, 12 November 2022

Sam Bankman-Fried's cryptocurrency empire collapsed this week. His $16bn personal fortune was incinerated in a matter of days (another rousing win for the normative determinists). Not bad for a 30-year-old.

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The Street

Crypto Billionaire Bankman-Fried Loses Entire Fortune in One Day

The 30-year-old billionaire was forced to sell his crypto firm empire on Nov. 8 to a major rival due to a cash crisis.

The Street

Crypto Is in Big Trouble Again

Crypto exchange FTX.com has agreed to sell itself to a competitor, confirming fears over its financial health.

Evening Standard

Global manhunt begins for crypto boss Do Kwon after stablecoin loses $45 billion in value

South Korea’s special financial crimes unit began an investigation into Kwon’s Terra after a group of five investors filed criminal complaints

The Street

Crypto Crash: Arrest Warrant Issued for Luna Co-Founder

The collapse of sister tokens Luna and UST in May caused a global rout in the cryptocurrency market.

The Street

Voyager Digital CEO Sold Shares Near Peak Trading Price

Voyager Digital's CEO sold $31 million of shares a year and a half before the company's bankruptcy, a media report says.

Benzinga

'My Family's Future Is Ruined': Dozens Of Voyager Digital Customers Send Letters To Bankruptcy Judge

Jacob spent six years building his cryptocurrency portfolio to 100 Ethereum (CRYPTO: ETH) — worth around $138,000.

The Street

Crypto: Customers of Bankrupt Lender May Get their Money Back Soon

Voyager Digital recently filed for Chapter 11 bankruptcy, victim of the liquidation of a hedge fund to which it had lent large sums of money.

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