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HTX data monitoring shows that ETH has fallen below 2100 USDT, currently reported at 2098.69 USDT, with a 24H decline of 3.79%.

【ETH drops below 2100 USDT】HTX data monitoring shows that ETH has fallen below 2100 USDT, currently reported at 2098.69 USDT, with a 24H decline of 3.79%.

ETH drops below 2100 USDT

HTX data monitoring shows that BTC has fallen below 77,000 USDT, currently reported at 76,999.65 USDT, with a 24H decline of 1.53%.

【BTC drops below 77000 USDT】HTX data monitoring shows that BTC has fallen below 77,000 USDT, currently reported at 76,999.65 USDT, with a 24H decline of 1.53%.

BTC drops below 77000 USDT

HTX data monitoring shows that XRP has fallen below 1.4 USDT, currently reported at 1.4 USDT, with a 24H decline of 1.06%.

【XRP falls below 1.4 USDT】HTX data monitoring shows that XRP has fallen below 1.4 USDT, currently reported at 1.4 USDT, with a 24H decline of 1.06%.

XRP falls below 1.4 USDT

HTX data monitoring shows that AAVE has dropped below 90 USDT, currently reported at 89.93 USDT, with a 24H decline of 0.34%.

【AAVE falls below 90 USDT】HTX data monitoring shows that AAVE has dropped below 90 USDT, currently reported at 89.93 USDT, with a 24H decline of 0.34%.

AAVE falls below 90 USDT

SWELL fluctuated by 73.97% within 24 hours, current price $0.00149

【SWELL's 24-hour volatility exceeds 50%!】SWELL fluctuated by 73.97% within 24 hours, current price $0.00149

SWELL's 24-hour volatility exceeds 50%!

bill Surges 10.02% in 24H, Currently at 0.157939 USDT

【bill currently trades at 0.157939 USDT, up 10.02% in 24h, according to HTX market data.】bill Surges 10.02% in 24H, Currently at 0.157939 USDT

bill currently trades at 0.157939 USDT, up 10.02% in 24h, according to HTX market data.

SYND fluctuated by 56.86% within 24 hours, current price $0.0162

【SYND fluctuated over 50% in 24 hours!】SYND fluctuated by 56.86% within 24 hours, current price $0.0162

SYND fluctuated over 50% in 24 hours!

HTX data monitoring shows that BTC has dropped below 78,000 USDT, currently reported at 77,979.56 USDT, with a 24H decline of 0.31%.

【BTC drops below 78000 USDT】HTX data monitoring shows that BTC has dropped below 78,000 USDT, currently reported at 77,979.56 USDT, with a 24H decline of 0.31%.

BTC drops below 78000 USDT

HTX data monitoring shows that DOGE has dropped below 0.11 USDT, currently reported at 0.1099 USDT, with a 24H increase of 0.19%.

【DOGE drops below 0.11 USDT】HTX data monitoring shows that DOGE has dropped below 0.11 USDT, currently reported at 0.1099 USDT, with a 24H increase of 0.19%.

DOGE drops below 0.11 USDT

Soldman Gachs, one of Three Arrows Capital's creditors, tweeted: "I would like to share my key takeaways from this morning's liquidator meeting. A 2 hour meeting distilled into a short and sweet tweet thread. The meeting voted NOT to seek alternative liquidators so Teneo will remain the liquidators. From the call, they seemed to be very knowledgable, experienced, and committed to securing the best outcome for all creditors. The meeting voted to elect a creditor committee that will comprise Digital Currency Group, Voyager Digital, Blockchain Access UK Ltd, Matrix Port Technologies, and CoinList Lend. These 5 parties represent almost 80% of the current level of claims. It was reported at the end of last year that 3AC had approximately $6bn in assets and $3bn in liabilities. It is too early to know how much still remains and the liquidator is in the process of securing accounts from fund administrators, counterparties, banks, etc. The 3AC assets comprise bank account balances, direct crypto holdings, underlying equity in projects, and NFTs. I was surprised to hear that 3AC no longer owns any BTC or Eth.
The liquidator implied that there may have been wrongdoing while 3AC was in a so-called Zone of Insolvency, a period of time when there is a risk that a company may not be able to pay its debts when they fall due. Transfers that Kyle and Su made at that time may be clawed back.
Su Zhu is claiming $5m, ThreeAC Limited is claiming $25m, and Chen Kaili Kelly (Kyle's wife) is claiming $66m. Interestingly, these claims may be considered as quasi-equity and be subordinated to creditors resulting in them rightfully getting 0.
Total claims right now are $2.8bn. Many have not made any claims yet, or quantified the amount of their claims for confidentiality reasons. Expect this figure to rise substantially as the deadline to make a claim is right up to the day before distributions are to be made."

Detail

【3AC creditors: Three Arrows' claims total $2.8 billion】Soldman Gachs, one of Three Arrows Capital's creditors, tweeted: "I would like to share my key takeaways from this morning's liquidator meeting. A 2 hour meeting distilled into a short and sweet tweet thread. The meeting voted NOT to seek alternative liquidators so Teneo will remain the liquidators. From the call, they seemed to be very knowledgable, experienced, and committed to securing the best outcome for all creditors. The meeting voted to elect a creditor committee that will comprise Digital Currency Group, Voyager Digital, Blockchain Access UK Ltd, Matrix Port Technologies, and CoinList Lend. These 5 parties represent almost 80% of the current level of claims. It was reported at the end of last year that 3AC had approximately $6bn in assets and $3bn in liabilities. It is too early to know how much still remains and the liquidator is in the process of securing accounts from fund administrators, counterparties, banks, etc. The 3AC assets comprise bank account balances, direct crypto holdings, underlying equity in projects, and NFTs. I was surprised to hear that 3AC no longer owns any BTC or Eth.
The liquidator implied that there may have been wrongdoing while 3AC was in a so-called Zone of Insolvency, a period of time when there is a risk that a company may not be able to pay its debts when they fall due. Transfers that Kyle and Su made at that time may be clawed back.
Su Zhu is claiming $5m, ThreeAC Limited is claiming $25m, and Chen Kaili Kelly (Kyle's wife) is claiming $66m. Interestingly, these claims may be considered as quasi-equity and be subordinated to creditors resulting in them rightfully getting 0.
Total claims right now are $2.8bn. Many have not made any claims yet, or quantified the amount of their claims for confidentiality reasons. Expect this figure to rise substantially as the deadline to make a claim is right up to the day before distributions are to be made."

3AC creditors: Three Arrows' claims total $2.8 billion

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Article

3AC creditors: Three Arrows' claims total $2.8 billion

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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