in early May terra local token of your network Terra (Luna) and its algorithmic stablecoin TOPHedge fund experiencing troubled days after the collapse of Three Arrows Capital (3AC) filed for bankruptcy in July.
A new move came from Singapore-based fund 3AC, which is trying to get through the troubled days after filing for bankruptcy.
A wallet marked by Nansen as belonging to 3AC, according to on-chain data Curve Pool $33M staked from pool Ether (stETH) removed.
3AC is also from Convex, a platform that increases rewards for Curve. 200 Bitcoins (BTC)4 million dollars Tether (USDT) and worth $4 million of weTH removed its liquidity.
Three Arrows Capital, which went into bankruptcy due to a series of highly leveraged transactions related to Terra, which collapsed in May, is being liquidated by Teneo and still owes its creditors $2.8 billion.
In this context, New York-based Teneo, which is handling the bankruptcy process, received a court decision in Singapore in late August, allowing Three Arrow Capital to investigate its local assets in the country.
Teneo, after court decision 3AC‘s bank accounts, properties, crypto assets, NFTs and receivables from other companies and will be able to protect their assets.
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