Will three arrows liquidate a crypto hedge fund?

"Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate". Wall Street Journal. Retrieved 30 June 2022. ^ Knauth, Dietrich (11 July 2022). "Three Arrows liquidators asks U.S. court to force crypto founders to cooperate". Reuters. Retrieved 18 July 2022. ^ Roth, Emma (2 July 2022). "Crypto hedge fund Three Arrows files for bankruptcy".

Who owns three arrows capital?

Three Arrows Capital (also known as 3AC or TAC) was a Singapore -based cryptocurrency hedge fund which was ordered to liquidate on 27 June 2022 by a court in the British Virgin Islands. It was founded in 2012 by Kyle Davies and Su Zhu.

Why did Voyager digital liquidate three arrows capital?

The liquidation order comes after a high-profile notice of default: On Monday, crypto broker Voyager Digital announced that Three Arrows Capital had not made the required payments on a loan worth more than $665 million, paid partly in bitcoin.

What happened to three arrows?

Representatives tapped to liquidate Three Arrows by a British Virgin Islands judge had “not yet received any meaningful cooperation” from Kyle Davies and Zhu Su, lawyers said in US bankruptcy court filings. Advisory firm Teneo is attempting to round up and preserve the assets of the hedge fund. A court hearing is set for Tuesday.