First Meeting of Three Arrows Capital's Creditors to Take Place on July 18

Jul 13,2022
KingData News: Teneo will host the first meeting of 3AC’s creditors on July 18, sources tell The Block. The firm has also launched a dedicated website for 3AC creditors. The meeting will be hosted by financial advisory firm Teneo, which is the court-appointed liquidator of 3AC, the sources said. Teneo has created a dedicated website for creditors to update them and the public on the latest developments around the 3AC's liquidation process. On July 1, 3AC filed Chapter 15 bankruptcy in the Southern District of New York, seeking protection from creditors. Earlier today, a judge in the Southern District of New York's bankruptcy court granted an order for provisional relief, giving the joint liquidators of Teneo control of known assets and granting the ability to serve subpoenas to founders and firms with pertinent information.
On June 13, Zhu Su, co-founder of Three Arrows Capital, has removed ETH, AVAX, LUNA, SOL, NEAR, MINA and other Tokens from his Twitter profile. On June 15, sources revealed that the total liquidation amount of Three Arrows Capital on Deribit, BlockFi and other lending platforms was up to $400 million. This indicator provides a real-time tracking of news reports on Three Arrows Capital's liquidity crisis.
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