Three Arrows Capital liquidators control $40M of the fund’s assets

Three Arrows Capital (3AC) liquidator Teneo has gained control of $ 40 million worth of assets belonging to the perplexed hedge fund Bloomberg News. report July 21st.

The liquidator reportedly stated that the fund’s assets consisted of bank accounts, cryptocurrencies, NFTs, and stocks of other companies.

Bloomberg reported that Teneo’s representative, Russell Crumpler, has declared that 3AC founders Kyle Davis and Suchu still manage certain digital assets and bank accounts.

Crumpler reportedly said Teneo had contacted about 40 companies that 3AC may have invested in, as well as about 30 crypto exchanges and banks.

In another filing on July 8, the liquidators stated that Zhu and Davis were uncooperative and their location was unknown.

Hedge funds owe creditors $ 2.8 billion.

Genesis is included in the 3AC creditor list. Bankruptcy crypto lenders Voyager Digital and Celsius Network; Algorand, CoinList and others.

Meanwhile, SuZhu and Kyle Davies’ wives also charged the embarrassed hedge fund.

Founder of 3AC in contact with liquidator

New Bloomberg report The founders of 3AC have revealed that they are on their way to Dubai, denying their allegations of being uncooperative.

According to Bloomberg, the “threatening of murder” they received forced them to cover up. However, they still maintain communication with the liquidators.

Zhu reportedly positioned the company in a market that would not eventually materialize, and co-founder Davis shares this view.

“We had all the assets, almost all the assets there. And in the good times we did our best, and in the bad times we lost the most.”

The co-founder also acknowledged that it was part of the reason why Terra’s implosion failed. According to Zhu, they probably allowed their relationship with Do Kwon to overshadow Token’s judgment.