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3AC to get liquidated soon? The NFT market could be key
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A British Virgin Islands court has ordered the liquidation of Three Arrows Capital, according to the reports. The Singapore-based crypto hedge fund has been battling it out in recent weeks after the Terra crash. But with over $400 million in liquidations, it seems time has finally run out now.
A British television news channel Sky News reported that consulting firm Teneo Restructuring has been lined up to handle the insolvency of 3AC. The cryptocurrency-focused hedge fund was founded in 2012 by Su Zhu and Kyle Davies. They had repeatedly conveyed that they are trying to “work this out”.
<p lang=«en» dir=«ltr» xml:lang=«en»>We are in the process of communicating with relevant parties and fully committed to working this out— Zhu Su
Read more on ambcrypto.comAbout this in other media
NFT market worth $231B by 2030? Report projects big growth for sector cointelegraph.com /1 year ago
Three Arrows accused of not cooperating with liquidators investigating digital assets fnlondon.com /1 year ago
Liquidators can subpoena 3AC founders despite 'tricky issues' with crypto assets cointelegraph.com /1 year ago
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