British Virgin Islands-based Tether plans to move its corporate entity and subsidiaries to El Salvador after obtaining a digital asset service provider license
- Company and all subsidiaries will relocate to El Salvador — Stablecoin firm incorporated in the British Virgin Islands
Source: 3AC liquidators seek to recover $1.3B from co-founders Su Zhu and Kyle Davies, taking action against the failed hedge fund in the British Virgin Islands
Jonathan Randles / Bloomberg :
Tether's reports show increasing loans denominated and payable in its own stablecoin, reaching $6.1B as of September 30, a potential risk in a crisis
Tether reports hadn't disclosed that loans it issues are denominated and payable in the token — The SEC's Strategy for Enforcing Regulation on Crypto, Explained Tweets: @patio11 , @anthony , @bitboy...
Three Arrows Capital files for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands
Crypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy, a move that protects its US assets while a liquidation is carried out in the British Virgin Islands.
Source: a British Virgin Islands court ordered the liquidation of Singapore-based Three Arrows Capital on June 27; Teneo will handle the insolvency process
A court in the British Virgin Islands has ordered the liquidation of Singapore-based Three Arrows Capital, underlining the crisis gripping …
Hong Kong-based crypto lender Babel Finance suspends withdrawals and redemptions to “protect the interests of our clients”, citing “unusual liquidity pressures”
Dear Customers， Recently, the crypto market has seen major fluctuations … Muyao Shen / Bloomberg : Crypto Lender Babel Freezes Withdrawals as Industry Pain Spreads Andrew Rummer / The Block : Babel Fi...