March 28, 2024

One of the creditors of Three Arrows Capital disclosed the amount of claims against the hedge fund

One of the creditors of Three Arrows Capital disclosed the amount of claims against the hedge fund

The total amount of unsettled obligations of Three Arrows Capital (3AC) reached $2.8 billion.This was reported by a userDrSoldmanGachs, who describes himself as a lender to a liquidated hedge fund and an investor in the Starry Night Capital affiliate.

As per provided by DrSoldmanGachsdocuments, creditors include DCG, Voyager, Algorand, DeFiance Capital, Celsius Network, BlockFi, Moonbeam Network, Galaxy Digital, BitGo, SBI Crypto, CoinList, 3AC co-founder Su Zhu ($5 million), and also associated with Three Arrows Capital Limited ($25 million).

The first meeting of the liquidation process will take place on July 18 in the British Virgin Islands. It will consider the feasibility of replacing the liquidator and make a decision to convene a committee of creditors.

DrSoldmanGachs admitted that the founders of 3AC are not going to participate in the procedure.

Earlier media reported that the liquidators of Three Arrows Capital are trying to investigate and keep the Singapore assets of the cryptocurrency hedge fund.

In early July, 3AC filed for bankruptcy in a New York court.

Prior to this, the court of the Virgin Islands ruled to liquidate Three Arrows Capital.

Recall that information about the insolvency of 3AC appeared against the background of the collapse of the cryptocurrency market and the collapse of Terra.

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