Three Arrows Capital (3AC), the now-bankrupt crypto hedge fund, estimated its assets at around $1 billion as of July, according to a document obtained by The Block.

The document, prepared by 3AC liquidator Teneo and sent to the fund's creditors on Thursday, states that the assets include fiat money, tokens, NFTs, and venture and other investments. It also notes that the value of the assets will change significantly, either positively or negatively, due to the volatile nature of crypto.

(By Yogita Khatri and Ryan Weeks)