3AC’s $700M Worldcoin windfall, China vs the crypto spies: Asia Express
3AC creditors nab $700 million in Worldcoin, foreigners paid crypto to spy on China, USDC to cease Tron support, and more: Asia Express.
Our weekly roundup of news from East Asia curates the industrys most important developments.
Creditors of bankrupt Singaporean hedge fund Three Arrows Capital (3AC), who are owed a combined $3.3 billion in claims, may have finally received some respite this week with the help of Sam Altman.
That’s because Altman’s Worldcoin (WLD) soared by over 200% this week, which observers linked to the launch of OpenAIs Sora video tool. The rally saw the WLD wallet address held by 3AC liquidator Teneo surpass $700 million,
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