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3AC crypto founders flee as multiple crypto Ponzi schemes collapse


As we reported , 3AC failed to repay a loan on 15,250 bitcoins. And now that investors are trying to recoup their investments, the location of 3AC’s top dogs is “currently unknown.” ... Upon arrival at the locked facility, liquidation facilitators also observed unopened mail addressed to 3AC that “appeared to have been pushed under the door or propped against the door.” "...

CRYPTO CONTAGION: Three Arrows Capital defaults after failing to make required payment on loan of 15,250 bitcoins


Voyager says it fully intends to pursue 3AC for what it owes, and is in talks right now to discuss available legal remedies. ... The 3AC default, Voyager also announced, does not cause a default on the agreement with Alameda. "...

Major crypto hedge fund Three Arrows Capital files for bankruptcy and fires 25% of workforce as crypto implosion spreads


Crypto lending firm Genesis Trading is said to be facing hundreds of millions of dollars in losses due to exposure to 3AC and crypto lender Babel Finance of Hong Kong. ... Domino effect 3AC is just the latest casualty in the slump in cryptocurrencies that saw billions of dollars wiped off the market recently. "...

World's largest bitcoin trust refuses to share proof of reserve audit


In the wake of the FTX meltdown, notable industry heavyweights like Terra, 3AC and Celsius have lost a lot of their market cap and are themselves on the brink of collapse. ... Grayscale is also using Coinbase to hold over a dozen other cryptocurrency assets, including the Grayscale Ethereum Classic Trust with over $238 million worth of Ethereum Classic; the Grayscale Ethereum Trust with nearly $3.89 billion worth of Ethereum; and the Grayscale Litecoin Trust with over $119....

The crypto geniuses who vaporized a trillion dollars. Everyone trusted the two guys at Three Arrows Capital. They knew what they were doing — right?


Everyone in crypto, from the largest lenders to wealthy investors, seemed to have lent 3AC their digital coins, even 3AC’s own employees, who deposited their salaries with its “borrowing desk” in exchange for interest. ... That money appears to be gone now, along with the assets of several affiliated funds and portions of the treasuries of various crypto projects 3AC had managed. "...

Collapse continues as massive crypto hedge fund goes bankrupt, ruining investors


“The chain of pain may just be beginning. 3AC had a lengthy list of counterparties, or companies that had their money wrapped up in the firm’s ability to at least stay afloat. ... Meanwhile, digital asset brokerage Voyager Digital filed for Chapter 11 bankruptcy protection after 3AC couldn’t pay back the roughly $670 million it had borrowed from the company. "...

Bear market effect: Crypto miners face margin calls as debt mounts


Popular cryptocurrency hedge fund 3AC founder Zhu Su is now reportedly trying to sell the $35 million mansion he bought in December. 3AC focuses on investments in digital assets and is known for bullish views on BTC and highly leveraged bets. ... While Genesis Trading is reported to be facing hundreds of millions of dollars in losses due to exposure to 3AC and crypto lender Babel Finance of Hong Kong. "...

Cryptocurrency collapse continues: Prominent crypto hedge fund defaults on $670 million loan


Officials at Voyager said that the company is planning to pursue recovery from 3AC (Three Arrows Capital), but in the meantime, the brokerage firm made clear the platform remains in operation and is able to fulfill customer orders and withdrawals, CNBC noted. ... “The default of 3AC does not cause a default in the agreement with Alameda,” said the statement. "...

Crypto broker Voyager Digital suspends customer trading, deposits, withdrawals and loyalty rewards


Voyager customer 3AC defaults on a loan worth $670 million Just a week ago, news broke out that one of Voyager’s customers has failed to make payments on a loan that is valued at hundreds of millions of dollars. ... Established in 2012 by former Credit Suisse traders Zhu Su and Kyle Davies, 3AC has become symbolic of the industry’s surplus during last year’s bull market, when it developed leverage that proved catastrophic when the market turned. "...

Crypto lender BlockFi blocks withdrawals as FTX declares bankruptcy


Crypto CONTAGION spreads as Ponzi-like elements of the crypto ecosystem start unwinding uncontrollably . 3AC crypto founders flee as multiple crypto Ponzi schemes collapse . "...

Medicinal mushroom used in traditional Taiwanese medicine protects the liver from inflammation, fibrosis, and cancer


Furthermore, ACW and AC inhibited plasma gamma-glutamyl transpeptidase (GGT) and oxidative stress, including 3-nitrotyrosine (3-NT), 4-hydroxynonenal (HNE), and Kuppfer cell infiltration (ED-1 stains) in the inflammatory livers. ... While DEN enhanced nuclear factor-kappaB (NF-kB) translocation, ACW and AC suppressed DEN-enhanced NF-kB translocation by inhibiting its upstream signaling of p85/phosphoinositide-3-kinase, mitogen activated protein kinase, ...

Investigating the efficacy of acupuncture for treating rheumatoid arthritis of the hand


They randomly assigned these patients to either (1) verum-AC (verum acupoints), (2) control-AC (sham acupoints—points outside of the conduits/meridians and of the extra-conduits), or (3) waiting list. - The Ac groups all experienced the same number, depth and stimulation of needles. The researchers assessed them before and five minutes after AC, with follow-ups over four weeks. - After AC treatment, group 1 experienced significant improvements ...

Antrodia cinnamomea found to protect against hepatic injury and inflammation


. - They used HPLC fingerprint analysis and identified seven ergostane-type triterpenoids from ACW, including high amounts of antcin K (AC), antcin C, antcin H, dehydrosulphurenic acid, antcin B, antcin A, and dehydroeburicoic acid. - They examined the effects of ACW and AC – which had the highest amount in ACW – on N-nitrosodiethylamine (DEN)-induced liver inflammation, fibrosis, and carcinogenesis in rats. - For the in vitro study, the researchers measured how ACW and AC ...

Rolling blackouts to leave tens of millions without power as fuel prices hit record highs making gas-powered generators unaffordable or prolonged outages


Portable Power Station with Solar Panel Included, 519Wh Solar Generator with 120W Foldable Solar Charger, MPPT, 12V Regulated Power Supply, 110V Pure Sine Wave AC Outlet, CPAP Backup Lithium Battery BLUETTI AC50S 500Wh Portable Power Station with Solar Panel Included, 300W/Dual AC Outlet Solar Generator Camping Battery Backup for Travel Trip RV Home Bundle w/120W Solar Charger Geneverse (Formerly Generark) Solar Generator For Homes: Portable Power Station Backup Battery ...

Exploring the benefits of acupuncture when it comes to rheumatoid arthritis


They randomly assigned these patients to the following groups: (1) verum-AC (verum-acupoints); (2) control-AC (sham acupoints – points outside of the conduits/meridians and of the extra-conduits); or (3) waiting list. The AC groups all experienced the same number, depth and stimulation of needles. "...

Learn about the Health Threat of EMFs from Electric Cars


AC creates much larger EMFs and much more EMR than does DC power. The field from an overhead power line carrying AC can be quite large while the field from a battery-powered radio is not likely to even extend beyond the radio's casing. ... Dietrich, et al. 3 - Fear, but Few Facts, on Hybrid Risk 4 - Scientists Agree That EMFs Pose a Threat to Your Health by Barbara L. "...

California regulator to investigate crypto companies for not disclosing risks of crypto lending activities


For others, their intricate entanglement with other failing ventures – such as Voyager Digital to 3AC – proved to be their downfall.” ... More related stories: Former Coinbase manager facing charges in first crypto insider trading case . 3AC crypto founders flee as multiple crypto Ponzi schemes collapse . "...

PrepWithMike: Health Ranger reviews EcoFlow portable power stations, must-have devices for when the grid goes down


They also have an AC output located at either the back or the side portion. Aside from the AC and DC outlets, the EcoFlow power station devices also have inverters. ... Solar power costs up to 3x as much as fossil fuels, nuclear and wind power . Scientists have improved the efficiency of converting solar energy into hydrogen with a metal-free photocatalyst . "...