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Tag Archives: WOO Network

WOO Network Repurchases from Bankrupt Hedge Fund 3AC to ‘Clear the Uncertainty’

WOO co-founder Jack Tan said the repurchase allows the company to move on “without further distractions from the 3AC fallout”. WOO Network has announced its decision to repurchase shares and tokens it sold to defunct Singaporean hedge fund Three Arrows Capital (3AC) back in 2021. The Taiwan-based trading platform and liquidity provider said in a press release that it has reached an agreement with Teneo, 3AC’s liquidator. The press release states that WOO has agreed to cancel the shares 3AC...

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