Crypto hedge fund Three Arrows Capital ( 3AC) the firm supervising the liquidation, approx. 36 milliontook control of the dollar asset.
In the crypto industry, turbulent times and subsequent bankruptcy processes have been sensationalized. Many institutional crypto companies have been unable to maintain continuity due to asset and liquidity issues. This is the domino effect, terra and paralleled the FTX crashes. Celsius and 3AC were crypto organizations that went bankrupt in the past. Lately, FTXwith its bankruptcy BlockFi also went bankrupt. After all these processes, court and investor protection works took place. Especially 3AC The processes have been going on for months. Lastly, Teneo company, which oversaw the 3AC liquidation, took a step that could advance the case.
Teneo Takes Steps in Three Arrows Capital Liquidation Process
Three Arrows Capital ( 3AC) performing independent audits during the liquidation process teneoof the bankrupt company 35.6 millionsaved dollar assets.
teneo has stated to the New York Southern Bankruptcy Court that crypto assets can be liquidated. Among the statements made, the total amount held by the liquidators of the bankrupt company 35.6 millioncontrol of dollar fiat currencies took place.
As part of the process teneo, 3ACproprietary starkware took control of their tokens. in the past 3AC, starkware‘s investment tours and made strong investments.
