Three Arrows Capital’s (3AC) total outstanding liabilities amounted to $2.8 billion, according to user DrSoldmanGachs, who describes himself as an investor in the liquidated hedge fund and affiliated Starry Night Capital.
According to documents provided by DrSoldmanGachs, among creditors DCGVoyager, Algorand, DeFiance Capital, Celsius Network, BlockFi, Moonbeam Network, Galaxy Digital, BitGo, SBI Crypto, CoinList, 3AC co-founder Su Zhu ($5 million) and affiliate Three Arrows Capital Limited ($25 million).
The first meeting of the liquidation process will be held on July 18 in the British Virgin Islands. It will evaluate the feasibility of replacing the liquidator and decide to convene a committee of creditors.
DrSoldmanGachs admitted that the founders of 3AC would not participate in the procedure.
Earlier media reported that Three Arrows Capital liquidators were attempting to investigate and hold the Singapore assets of the cryptocurrency hedge fund.
In early July, 3AC filed for bankruptcy in New York court.
Prior to that, the Virgin Islands court ordered the liquidation of Three Arrows Capital.
Recall that the information about the bankruptcy of 3AC appeared against the background of the collapse of the cryptocurrency market and the collapse of Terra.
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Source: Fork Log
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