Three Arrows Liquidators Get Singapore Nod to Probe Crypto Fund

Aug 24,2022
KingData News: The Singapore High Court on Monday granted a petition by advisory firm Teneo, which in June was appointed by a British Virgin Islands court to liquidate Three Arrows, to recognize the liquidation order in the country, people with knowledge of the matter said. The Singapore ruling gives the liquidator the right to request access to any financial records kept locally by the fund, such as bank accounts, property, cryptocurrencies, NFTs and company shares. Teneo currently has control of $40 million of Three Arrows Capital's assets, but the bonds could exceed $2.8 billion.
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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