A federal judge in a New York bankruptcy court has frozen the assets of crypto hedge fund Three Arrows Capital (3AC). “A key part of this motion is to put the world on notice that it is the liquidators that are controlling the debtor’s assets at this stage.”
Bankruptcy Judge Freezes 3AC’s Assets
Judge Martin Glenn, a United States bankruptcy judge for the Southern District of New York, granted an emergency motion Tuesday to freeze the remaining assets of bankrupt crypto hedge fund Three Arrows Capital (3AC), CNBC reported, noting that it attended the hearing.
The judge noted in the order that only the assigned bankruptcy liquidators are authorized to “transfer, encumber or otherwise dispose of any assets of the debtor located within the territorial jurisdiction of the United States,” the publication conveyed.
Global consulting and advisory firm Teneo was assigned to manage the liquidation. The firm was granted permission to subpoena Three Arrows Capital co-founders Zhu Su and Kyle...
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