Who's been naughty and nice in the crypto world this year? Find out in our latest article.
In September, the Seoul Southern District Prosecutors’ Office announced that it had started proceedings to revoke Kwon’s passport while placing his name on Interpol’s red notice list. Despite the gravity of the situation, the Terra co-founder seems to be makingThree Arrows Capital was founded in 2012 by Su Zhu and Kyle Davies. Before its collapse, it reportedly had $18 billion in assets. In March, blockchain analytics firm Nansen suggested that 3AC managed about $10 billion in crypto alone.
Lastly, it should be noted that throughout 2021 and 2022, Zhu and Davies lost more than $3 billion, putting 3AC’s collapse on the list of the most significant hedge-fund trading losses of all time.Alex Mashinsky is the founder and former CEO of Celsius Network, which was one of the largest crypto lending platforms in the world. In June, Celsius abruptly froze customer withdrawals, swaps and transfers, citing client safety and extreme volatility.
At the time of its downfall, Celsius had $4.3 billion in assets, with losses estimated at $5.5 billion. Just one month before Celsius filed for bankruptcy, . Several other company executives — including former strategy chief Daniel Leon and technology chief Nuke Goldstein — were also found to have taken similar actions.
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