A court in the British Virgin Islands has ruled that the founders of collapsed cryptocurrency fund Three Arrows Capital owned approximately It froze $1.1 billion in assets.
According to the statement made by Teneo, the collector of Three Arrows Capital, the court blocked the assets of the company’s founders, Su Zhu and Kyle Davies, with the decision taken on December 18.
In the decision, these assets of Zhu and Davies and Davies’ wife Kelly Chen were preventing global use is intended.
According to Teneo’s statement, Singapore also made a domestic blocking decision the other day.
Su Zhu was arrested at an airport in Singapore in September. The 3AC founder was questioned for the first time in a Singapore court last week. to recover $3.3 billion from creditors The employee answered Teneo’s questions.
Before the industry goes bankrupt one of the largest hedge funds One of them, Three Arrows, filed for bankruptcy in July 2022, affected by the collapse of the Terra ecosystem.