Central issues: BlockFi is battling to dispose of obligations with other bankrupt crypto firms, FTX and Three Bolts Capital (3AC). The loaning stage contended that they were likewise survivors of the breakdown of these organizations so there was compelling reason need to reimburse. The filings are an endeavor to unwind complex monetary exchanges between crypto…
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Key Points: Teneo, the liquidator of Three Arrows Capital (3AC), suggests the possibility of recovering $1.2 billion from DCG and BlockFi, as stated in a confidential report. Over $1 billion in “potential claims” against DCG, its lending subsidiary Genesis, and BlockFi for $220 million are included in the settlement. If the hedge fund was aware…
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