A restraining order has been issued by a courtroom in Singapore in opposition to Arthur Hayes, one of many co-founders of the BitMEX buying and selling platform on account of repeated focused posts made on Twitter. The order was acquired by Su Zhu, who was a co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC).
$6 Million In Question
After the failure of the fund a 12 months in the past, the previous CEO of BitMEX has been vehemently tweeting in opposition to Su Zhu and his co-partner Kyle Davies, largely searching for for the 6 million {dollars} that he believes is entitled as a result of fund’s collapse following the Terra UST debacle.
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The ruling that was issued by Judge Sandra Looi Ai Lin of the Harassment Court stipulates that Hayes will not be permitted to determine contact with Zhu by means of any means, and that he’s prohibited from releasing “any identity information.” According to the injunction, Hayes can have the ruling delivered to him by means of his Twitter account.
Arthur Mocks 3AC Founders
The 38-year-old crypto entrepreneur has publicly criticized about 3AC’s debacle and even mocked their future endeavors. In one in every of these tweets, dated May 2, Hayes said that they owed $6 million to him which apparently went ignored.
Awe that is candy, is that your means of utilizing symbolism to signify the $6 million you owe me? 1 Oyster = $1 million … https://t.co/ehWJ4wUfXB
— Arthur Hayes (@CryptoHayes) May 2, 2023
According to paperwork filed with the courtroom, 3AC is liable for paying particular person claimants in extra of 1 billion {dollars}. In the interim, Zhu and Davies made preparations to develop OPNX, a platform that permits buyers to commerce chapter claims for defunct companies equivalent to FTX, Celsius, BlockFi, and many others. Meanwhile, Hayes has established his personal crypto fund known as Maelstrom.
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