NFT News by Thebittimes.Com

The co -founder s of Opyn stepped down as their defi options protocol faced charges from the Commodity Futures Trading Commission (CFTC) in September. CEO Zubin Koticha revealed today in an X post that he and co -founder Alexis Gauba have chosen to exit crypto, attributing their decision to the recent regulatory actions faced by Opyn. Hey Crypto Twitter, It's been a while This one's a tough one… After the regulatory action against Opyn, @alexisgauba and I have made the decision that we are leaving crypto. This is honestly really emotional for me and Alexis. — zubin koticha (@snarkyzk) November 14, 2023 Opyn is a defi investment strategy platform with $20 million in total volume locked (TVL) on its protocol. In September, the CFTC brought charges against Opyn and two other defi entities, citing several violations. These included registration failures, the absence of a customer identification program, and the unlawful offering of leveraged and margined retail...

Author | IOSG Founder, Jocy Editorial | WuBlockchain Original link: https://twitter.com/JinzhouLin/status/1703803442521948638 My nth time attending the founders’ perspective at 2049 This industry is still growing, and this year I have attended various events such as ETHDenver, ETHCC, Black Mountain Zuzalu, Edcon, and so on. At 2049, I still met many old friends. Each such conference in the industry attracts a lot of attendees. Many companies set a budget for such conferences. Hence, with the growth of the industry, even in a bear market, the number of participants continues to rise. LPs continuously support early VCs in the industry, VCs continue to support the founding teams of emerging tracks, and teams continue to expand and grow. Everything seems to be moving in a better direction. However, the reality is different. For many teams , 2049 is their last hope for financing. If the bear market does not end, it might be their last brand exposure. Because of their expansion in the past...

The liquidators of the bankrupt ‘digital currency’ hedge fund Three Arrows Capital (3AC) seek $1.3 billion from its founders , Zhu Su and Kyle Davies. According to sources, the New York advisory firm Teneo, appointed as liquidators, alleges that the requested amount corresponds to the losses incurred by the duo before the hedge fund’s collapse. In a meeting held on June 27, the liquidators devised strategies for the ongoing liquidation process. Three Arrows Capital liquidators are seeking to recover $1.3 billion from the co- founders of the failed crypto hedge fund https://t.co/ycXkzBs1zy — Bloomberg Crypto (@crypto) July 1, 2023 Ever since the downfall of the Three Arrows Capital hedge fund a year ago, the liquidators have persistently pursued Davies and Zhu, accusing them of evading cooperation, thereby complicating the liquidation proceedings. Teneo previously sought legal action against Davies in a New York court, accusing him of willful contempt and ...

3AC founders Zhu Su and Kyle Davies have been ordered to provide all documents in their possession or control, regardless of whether the information is held by them directly, or is in control of a third-party. Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies were subpoena ed on Twitter on Jan. 5, after the liquidators granted permission from Singapore authorities following a United States Bankruptcy court order, according to information given to Cointelegraph by advisory firm Teneo. As reported by Cointelegraph, liquidators' lawyers have repeatedly failed to engage with the founders in recent months. “A communication protocol was agreed between the liquidators and founders but has not yielded satisfactory cooperation,” according to a hearing presentation on Dec 2. @KyleLDavies jpg copies of the subpoena are attached to this tweet by way of service. An unredacted copy of the subpoena was served via email and can be provided upon request. pic.twitter.com/XAYzQ4Oveo — 3AC...