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Some Hope for Three Arrows Capital Investors, As Liquidators Recover This Amount

Liquidators for the bankrupt cryptocurrency hedge fund Three Arrows Capital recovered $35.6 million from its bank accounts in Singapore. This is the largest amount of money that has been seized since Three Arrows collapsed in July. In addition, liquidators have seized $2.8 million from forced redemptions of investments, cryptocurrency tokens and NFTs.

A British Virgin Islands court has appointed New York-based liquidation firm Teneo to deal with this case. The firm received the High Court’s permission to probe Three Arrows’ assets in Singapore. The details were shared during a court hearing held recently.

(By Suzuki Shillsalot)

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