Three Arrows Capital, Su Zhu and Kyle Davies’ hedge fund is reportedly insolvent. According to a report citing a person familiar with the situation, a court order for liquidation of Three Arrows Capital was issued on June 27 in the British Virgin Islands.
Teneo Restructuring partners, according to the report, are handling the firm’s insolvency.
The collapse of Terra and the ensuing market contagion have wreaked havoc on the once-dominant hedge fund.
3AC’s creditor Voyager Digital issued a notice of default to the company, just after it secured a line of credit from FTX’s Alameda Research Voyager Digital.
Earlier, reports circulated that the investment firm was considering options such as asset sales and a bailout by another firm.
The Crypto Times will keep you up to date on the liquidation of Three Arrows Capital, as it would be a significant event in the current cryptocurrency sector.
