The High Court of Singapore has granted the request by Teneo, the firm representing creditors of Three Arrows Capital (3AC), to inspect assets of the hedge fund held in the jurisdiction. Bloomberg.
The consultancy was granted the ability to request all financial data, including details of bank accounts, cryptocurrencies, shareholdings in companies, and real estate.
Legally, this means the court effectively recognised the liquidation order initially поданный в суд Британских Виргинских Островов.
In July, news emerged of Teneo’s efforts to preserve 3AC’s assets in Singapore. стало известно.
In June, amid a downturn in the crypto markets, rumours of Three Arrows Capital’s insolvency surfaced. 8 Blocks Capital, a trading firm, accused the hedge fund of using client funds to cover margin calls. стало известно.
According to some reports, crypto platforms BitMEX, FTX and Deribit liquidated 3AC’s positions due to the latter’s inability to meet margin requirements. ликвидировали позиции 3AC.
On June 17, co-founder Kyle Davies said that Three Arrows Capital hired legal and financial consultants to devise a solution for its investors and creditors. Three Arrows Capital нанял юридических и финансовых консультантов.
Earlier, a user calling himself a creditor of the liquidated hedge fund, DrSoldmanGachs, revealed the total amount of 3AC’s unpaid obligations — $2.8 billion. озвучил общую сумму.
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