Bankrupt Crypto Fund 3AC’s Tokens and Assets Being Cashed Out

Liquidators of the bankrupt hedge crypto fund Three Arrows Capital (3AC) seized some crypto assets worth 35.6 million.

Teneo, liquidator of 3AC December 2 In his statement to the New York court on 35.6 million dollar worth of cryptocurrencies and 2.7 million proceeds from the redemption of investments in dollars converted into cash gave place. In addition, Teneo has confirmed receipts from company assets. 50 million He also reported that the dollar superyacht has acquired its legal status.

35.6 million It was stated that Ether, which is in the $ crypto money, was sold for about $ 1,800. Teneo official Russell Crumpler Although the court had limited access to 3AC’s accounts, according to the information they obtained from the transaction summaries they reviewed, 3AC’s approximate over 60 He said there are different types of cryptocurrencies.

The statement states that the company owns 3AC’s assets. cash out that they have made some progress in terms of that they rejected reported. Teneo also stated that the separatist attitudes of the founders made the return of assets difficult.

In addition, Teneo underlined that 3AC officials constantly give interviews to save their reputation, but they do not make enough efforts to pay customer funds. After the FTX bankruptcy, 3AC officials bankruptcy due to FTX It was also among the statements given by Teneo officials. Teneo, founders of 3AC Kyle Davies and Su Zhu in the United Arab Emirates or Indonesia He declared to the court that he might be present.

Under his management earlier this year, approximately 10 billion dollars company after bankruptcy 3.5 billion debt left.

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