The liquidators of Three Arrows Capital (3AC) have been given the go-ahead to launch a probe into collapsed crypto hedge fund Three Arrows Capitalo a report by Bloomberg.
The liquidators of Three Arrows Capital (3AC) have been given the go-ahead to launch a probe into the collapsed crypto hedge fund, according to a report by Bloomberg.
A petition by advisory firm Teneo, which was appointed to liquidate 3AC by a court in the British Virgin Islands, has been granted by the Singapore High Court which means the original liquidation order is now recognised in the city state. The fund cites unnamed sources as saying that Teneo now has the legal authority to request access to any financial records the fund kept locally, which may help in its efforts to locate and preserve 3AC’s remaining assets.
The liquidators investigation will reportedly focus on establishing links between assets held in Singapore, concluding bank accounts, properties, cryptocurrencies, nonfungible tokens and stakes in companies, and Three Arrows Capital.
Today the liquidators have gained control of aorund $40 million of 3AC’s assets, but that is just a fraction of the reported $2.8 billion owed to creditors including Voyager Digital LLC and Digital Currency Group Inc.
