Digital currency Bitcoin hits new high before losing S$200 in value in one day

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According to media report, a good class bungalow (GCB) was bought under his child's name. And if I am right, by law, can't sieze the GCB bought under the child's name
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(05-07-2022, 08:30 PM)Bibi Wrote:
(05-07-2022, 04:12 PM)BlueKelah Wrote: [UPDATE] Liquidators trying to seize properties owned by Three Arrows Capital co-founders.

https://sg.finance.yahoo.com/news/liquid...45977.html

Just for my interest sake. If he transfers his properties to his wife name just in time, then there is nothing the liquidators can do to him right?

u have your answer here ==> 
https://singaporelegaladvice.com/law-art...nsactions/

"Unfair preferences given to a connected person up to 2 years before the commencement of winding up can be scrutinised for clawback."

So, even if he transfers to his wife, liquidators will still be able to claw-back from him. Unless he have already transferred $ out and run off lol
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He got a few, but all bought within the last 2 years.

https://www.edgeprop.sg/property-news/li...ounder-zhu
You can count on the greed of man for the next recession to happen.
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Another classic big mouth IMO. Pride spilling out of the mouth is a reliable indicator

Earlier last year, Zhu, who’s in his 30s, tweeted that he was thinking about buying all the good class bungalows and “turning them into parks and regenerative farming”.

https://www.businesstimes.com.sg/real-es...iest-homes

(06-07-2022, 12:28 PM)LionFlyer Wrote: He got a few, but all bought within the last 2 years.

https://www.edgeprop.sg/property-news/li...ounder-zhu
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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(06-07-2022, 08:59 PM)specuvestor Wrote: Another classic big mouth IMO. Pride spilling out of the mouth is a reliable indicator

Earlier last year, Zhu, who’s in his 30s, tweeted that he was thinking about buying all the good class bungalows and “turning them into parks and regenerative farming”.

https://www.businesstimes.com.sg/real-es...iest-homes

(06-07-2022, 12:28 PM)LionFlyer Wrote: He got a few, but all bought within the last 2 years.

https://www.edgeprop.sg/property-news/li...ounder-zhu

Sounds like Elon Musk lol... Still waiting for something to happen to Tesla to prove my conspiracy theory that theres a lot of shady stuff happening with his investments into crypto and wanting to takeover Twitter etc...
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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Rainbow 
@B His crypto investment was explained. There was no fundamental or profit intention.  He explained that one day someone visited his factory and asked his to support a particular crypto currency. He listened and acknowledged that he will support this particular crypto.

And he supported when this crypto crashed.

As simple as that.

Don't believe? watch what he says recently:


Gratitude.
Heart

[Image: maxresdefault.jpg]https://cuitandokter.com/
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(10-07-2022, 11:16 AM)¯|_(ツ)_/¯ Wrote: @B His crypto investment was explained. There was no fundamental or profit intention.  He explained that one day someone visited his factory and asked his to support a particular crypto currency. He listened and acknowledged that he will support this particular crypto.

And he supported when this crypto crashed.

As simple as that.

Don't believe? watch what he says recently:


Gratitude.
Heart

[Image: maxresdefault.jpg]https://cuitandokter.com/

Thats why he wanna buy twitter so that he can simply tweet and pump up dogecoin and BTC. 

If you look at his tweets and his timing of BTC and dogecoin, its very obvious he buys them to make profit. Ask yoursef this, why would a megacap Car company buy billions worth of crypto if it wont make them money, in fact why would a car company buy crypto (an unstable speculative asset) at all, its not as if it will increase sales, Tesla already has fully booked order book all the time. 

Want to reward employees? Just give em bonus or stocks, after all Tesla is supposedly making a lot of money now. 

I always take a pinch of salt what he says, his true intention is always to make $$. 

(P.S I have a mate that actually works in Aussie development arm for SpaceX, he has met Elon before and most of the staff dont like him as he is a very aloof boss, he see something or someone he doesnt like he wil just tekan you gaogao or fire you, end of story. If he ask you to do something his way, you better do it his way. Remind you of someone? Yes the lady boss of Theranos was also like that, too bad she got found out in the end and her product didnt work.)
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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(Economic Times) -- The founders of bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have vanished and the officials charged with liquidating the company were looking for their whereabouts.

The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies, once managed an estimated $10 billion in assets.

Now, both Zhu Su and Kyle Davies are missing, reports The Verge.

According to a court document, Zhu and Davies' whereabouts are currently unknown.

Its liquidators said they have not received "any meaningful cooperation" from the duo.

A British Virgin Islands court has tasked business management company Teneo to oversee 3AC's liquidation.

The Singapore-based 3AC filed for bankruptcy in the US earlier this month to protect its assets from creditors.

The bankruptcy came as popular crypto tokens such as Bitcoin and Ethereum nosedived by nearly 70 per cent from their record highs amid the economic meltdown.

3AC defaulted on a more than $650 million loan provided by crypto broker Voyager Digital, which has also filed for bankruptcy.

Voyager had significant investments in 3AC, which failed to make payments on a loan of 15,250 Bitcoins and $350 million USDCs -- that makes the loan worth more than $650 million.

3AC also reportedly failed to repay $270 million to crypto exchange blockchain.com.

The Monetary Authority of Singapore had slammed Three Arrows for providing false information and breaching an asset under management threshold, the report noted.

(06-07-2022, 08:59 PM)specuvestor Wrote: Another classic big mouth IMO. Pride spilling out of the mouth is a reliable indicator

Earlier last year, Zhu, who’s in his 30s, tweeted that he was thinking about buying all the good class bungalows and “turning them into parks and regenerative farming”.

https://www.businesstimes.com.sg/real-es...iest-homes

(06-07-2022, 12:28 PM)LionFlyer Wrote: He got a few, but all bought within the last 2 years.

https://www.edgeprop.sg/property-news/li...ounder-zhu
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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He rejected the perception that he enjoyed an extravagant lifestyle, noting that he biked to work and back every day and that his family "only has two homes in Singapore".

Three Arrows founders break silence over collapse of crypto hedge fund.
https://www.straitstimes.com/business/th...hedge-fund
You can find more of my postings in http://investideas.net/forum/
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Some entities will be hit with provisions and bearing in mind there are quite a few 'Three Arrows' out there collapsing...

.............

Creditors of the fund, recently registered in the British Virgin Islands, filed paperwork saying they're owed more than US$2.8 billion (S$3.89 billion) in unsecured claims.

That figure is expected to rise significantly, court papers show.

Three Arrows liquidators seize $55.6m from crypto hedge fund as asset probe widens
S'pore-based crypto hedge fund Three Arrows owes Genesis parent $1.7b
To date, liquidators overseeing the insolvency have gained control of assets worth at least US$40 million.
You can find more of my postings in http://investideas.net/forum/
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