Cryptocurrency At the head of companies affected by the wave of bankruptcies of hedge funds Three Arrows Capital (3AC) is coming.
Everyone was surprised by the fact that the company, which took unsecured loans from many companies and caused the domino effect to grow in the collapse in the crypto money industry, had no risk management.
3ACWhile the investigations and lawsuits regarding the bankruptcy of .
Singapore’s Supreme Court has given new mandate to Teneo, the consulting firm responsible for the dissolution and bankruptcy process of 3AC.
Accordingly, Teneo will be able to access all 3AC’s asset records and the assets in these records. It is stated that liquidators have so far taken control of over $40 million in assets.
teneo with this authority 3AC‘s bank accounts, properties, crypto assets, NFTs and receivables from other companies and will be able to protect assets.
3AC’s creditors lost about $2.8 billion. It is considered that this figure may increase in the process. 3AC’s largest creditor is Genesis with $2.36 billion.
It is known that the founders of the company, Su Zhu and Kyle Davis, received death threats and finally went to Dubai.
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