ChainCatcher message, Three Arrowz Capital (3AC) announced its new token burn mechanism for the $3AC token, where every 100 on-chain users holding tokens worth over $100 will trigger a 1% burn of the token supply. The project team will take on-chain data snapshots every Friday to determine the burn ratio.

ChainCatcher message, Trump's official X account posted @ Three Arrows Capital co-founder Kyle Davies, stating that it will send important election updates from North Carolina to Kyle Davies to ensure that Kyle Davies is ready to vote for himself before November 5.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, since the linear unlocking of WLD investors' tokens began at the end of July, two institutions that have gone bankrupt and are also WLD investors are continuously selling the unlocked WLD.3AC acquired 75 million WLD through investment and has been gradually selling the unlocked WLD since the end of July, with a total of 2.538 million WLD sold so far (worth 4.06 million USD).Alameda acquired 25 million WLD through investment and has been selling WLD at a frequency of once a week since early August, with a total of 1.129 million WLD sold so far (worth 1.8 million USD).

According to ChainCatcher news, Arkham monitoring shows that the liquidator of Three Arrows Capital, Teneo, transferred 1.12 million ARB tokens to Binance in the past 12 hours, worth approximately $581,300; at the same time, it transferred 2.07 million STRK tokens to a Wintermute OTC address, worth approximately $855,800. The total of these two transfers is about $1,437,100.

ChainCatcher news, according to Bloomberg, the liquidators of the bankrupt crypto hedge fund Three Arrows Capital are seeking at least $1.3 billion in compensation from TerraForm Labs to cover the losses the fund suffered after the collapse of the TerraUSD and Luna tokens in 2022. The liquidators stated in court documents that before the collapse of these tokens, TerraForm had lured Three Arrows into purchasing Luna and TerraUSD by manipulating the market and artificially inflating the prices of these assets. The collapse of the tokens not only wiped out Three Arrows' investments in these tokens but also caused significant losses in other investments.The liquidators indicated that Three Arrows Capital purchased $190 million worth of Luna in January 2022. A few months later, a massive sell-off of TerraUSD led to a significant drop in the value of Luna. Court documents show that by the end of April 2022, Three Arrows held approximately $462 million worth of Luna, but by May 14, the value of its holdings plummeted to just over $2,700. Meanwhile, the net worth of Three Arrows Capital's other digital assets shrank by about $858 million.

ChainCatcher news, according to the Web3 asset data platform RootData, monitored at 11:13 Beijing time today, Three Arrows Capital withdrew 1,593.89 ETH from OKX, worth 5.274 million USD.

ChainCatcher message, according to The Data Nerd monitoring, 16 million ONDO (approximately 19.37 million USD) was transferred from Coinbase's custody wallet to Teneo and Arrington on Bybit, Kucoin, and other VC addresses 4 hours ago.

ChainCatcher news, Three Arrows Capital co-founder Kyle Davies stated in an interview with Laura Shin that the lack of any formal legal action taken against him by law enforcement agencies proves that he has not made any false statements. Nearly 2 years have passed since the Three Arrows Capital collapse, and this view remains unchanged. The CFTC and SEC have not contacted them to date, nor has Dubai; only Singapore has had some communication, and documents were submitted a year ago.

ChainCatcher news, according to The Block, LayerZero CEO Bryan Pellegrino stated on social media that Three Arrows Capital co-founder Kyle Davies attempted to persuade LayerZero to invest all of its financial resources into the soon-to-be-defunct hedge fund just days before its collapse.Kyle Davies offered higher interest rates to encourage LayerZero to invest all its funds into 3AC just days before the fund's collapse.Previously, on March 20, Kyle Davies, co-founder of the now-closed crypto hedge fund Three Arrows Capital, stated that he does not regret losing billions of dollars of investor funds and plans to do everything possible to avoid prison.Davies reiterated yesterday his lack of remorse over the collapse of Three Arrows Capital and insisted that despite facing significant backlash on social media for past misconduct, his professional reputation remains intact.

ChainCatcher news, according to Cointelegraph, Kyle Davies, co-founder of the now-closed crypto hedge fund Three Arrows Capital, stated that he does not regret losing billions of dollars of investor funds and plans to do everything possible to avoid prison.Davies reiterated yesterday his lack of remorse over the collapse of Three Arrows Capital and insisted that despite facing significant backlash on social media for past misconduct, his professional reputation remains intact."Do I feel sorry for the company's bankruptcy? No. Companies often go bankrupt," Davies said with a smile.

ChainCatcher news, Mechanism Capital co-founder Andrew Kang purchased the original Pepe NFT originally owned by 3AC through Sotheby's auction house, with the transaction amount undisclosed. This NFT is the first Pepe NFT authorized by the original creator Matt Furie. The NFT was first sold on April 17, 2021, for 420 ETH. It was subsequently acquired by 3AC's Starry Night Capital on October 5, 2021, for 1000 ETH.

According to ChainCatcher news and Scopescan data, the address of Three Arrows Capital's liquidator Teneo (0xc7c) currently holds a total of $1.15 billion in crypto assets. The WLD it holds is currently valued at $796 million (75 million pieces). Other assets include:134 million STRK, approximately $309 million8.437 million DYDX, approximately $36.19 million6.02 million USDC

ChainCatcher message, the address of the Three Arrows Capital liquidator "Teneo: 3AC Liquidation" received 134 million STRK, making it the 9th largest holder of STRK.

ChainCatcher message, Scopescan data shows that the address starting with "0xc7c" marked as "Teneo: 3AC Liquidation" currently holds a total value of cryptocurrency assets amounting to $591 million.The current holdings of WLD tokens reach 75 million, valued at approximately $557 million, accounting for 94% of its total wallet assets. Other assets include: 8.437 million DYDX, 5.75 million USDC, 160,000 AXS, and 101.98 ETH.

ChainCatcher news, according to Cointelegraph, at a hearing on February 6, New Jersey bankruptcy court judge Michael Kaplan approved a settlement agreement between Three Arrows Capital (3AC) and BlockFi to prevent further legal disputes. This is because BlockFi claims that 3AC owes it $129 million, while 3AC claims that BlockFi owes it $280 million.The judge denied the motion to unseal the settlement agreement, stating that doing so "would be against intuition," and rebutted the U.S. trustee's objections to unsealing, arguing that the terms should be disclosed since the debtor did not prove the necessity to unseal the settlement agreement. However, BlockFi's motion to seal certain information argues that these terms are commercially sensitive and could impact the lawsuit against the bankrupt cryptocurrency exchange FTX.

ChainCatcher news, the Singapore High Court dismissed Three Arrows Capital's (3AC) request to dismiss the lawsuit filed by DeFiance Capital against it. The entity aims to separate its assets from the 3AC creditors independently of the liquidation process. Furthermore, the judge ruled that Three Arrows Capital must pay the legal fees of DeFiance Capital founder Cheong Jun Yoong.

ChainCatcher news, according to CNBC senior reporter Clement Tan, Three Arrows Capital co-founder Su Zhu faced a lengthy inquiry in a Singapore court regarding the collapse of the cryptocurrency fund for the first time, providing liquidators with the opportunity to gather information to help creditors recover billions of dollars.

ChainCatcher news, according to Cointelegraph, Three Arrows Capital co-founder Kyle Davies has been spotted in Bali, continuing to evade authorities regarding the allegations of Three Arrows Capital's collapse. Davies became embroiled in bankruptcy proceedings after the firm’s collapse in 2022, and he was sentenced to four months in prison in Singapore for failing to cooperate with an investigation into his bankruptcy.An anonymous source provided photos showing Davies at the Milk and Madu café in Canggu, Bali, with an unidentified woman on November 8. Additionally, other sources involved in the ongoing bankruptcy proceedings in Singapore confirmed that Kyle Davies is residing in Indonesia. These unpublished images bear a striking resemblance to several photos Davies has posted online over the past two years. Witnesses stated that Davies appeared to be "doing well and happy," with the provided images showing him wearing his signature pink crewneck shirt and sunglasses.Sources from the media indicated that Davies's detention depends on the cooperation of the Bali authorities. After marrying a Singaporean citizen and obtaining citizenship in that country in 2022, Davies renounced his U.S. citizenship and has since successfully evaded U.S. contempt charges related to his bankruptcy case.U.S. Bankruptcy Judge Martin Glenn in the Southern District of New York ruled that the court could not "exercise jurisdiction over Mr. Davies" after Davies's legal representatives submitted evidence proving he is no longer a U.S. citizen. The judge suggested that foreign representatives might consider compelling Davies to comply through the Singapore courts.

ChainCatcher news, according to CoinDesk, court documents show that the bankrupt crypto lending firm Genesis has agreed to settle the $1 billion claim made by Three Arrows Capital by paying $33 million. Genesis is seeking approval from the New York bankruptcy court to resolve the claims.The documents state that the 3AC debtors will receive a general unsecured claim against Genesis in the amount of $33 million, which will fully satisfy the claims of over $1 billion made against each Genesis debtor," the documents add that the agreement will "mutually release liabilities." A proposed settlement hearing is scheduled for November 30.

ChainCatcher news, according to Scopescan monitoring, addresses related to Three Arrows Capital received 1 million USDT a few minutes ago, about a month after Su Zhu's arrest.Previous report, Three Arrows Capital founder Su Zhu was arrested in Singapore and sentenced to 4 months in prison by the local court.