Three Arrows Liquidators Seize $35M, Seek $30M More for 'Much Wow' Superyacht
Liquidators for collapsed crypto hedge fund Three Arrows Capital (3AC) today said they seized $35.6 million in cash held by the failed firm in Singaporean banks. and want clearance from a court to get $30 million from the sale of the firm's "Much Wow" superyacht.
In a Friday filing in U.S. Bankruptcy Court in the Southern District of New York, court-appointed liquidator Teneo said they started to take control of assets held by 3AC or its pre-appointment lawyers. Liquidators added that they also recovered $2.8 million from forced redemptions of investments—as well as an unspecified amount of 60 different crypto tokens and NFTs.
Source
https://t.me/Crypto_Bitcoin_Blockchain
