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
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