3AC Liquidators Grab $35.6M From Singaporean Banks

Three months after receiving permission from Singaporean Banks (High Court) to start looking into the company’s assets there, liquidators for Three Arrows Capital have confiscated $35.6 million from the country’s financial institutions belonging to the defunct cryptocurrency hedge fund. Singaporean Banks Reports Since Three Arrows collapsed in July, bringing a $3.5 billion debt in its wake, Teneo, the New York-based liquidation company authorized by a British Virgin Islands court, has taken the most money to date. An undefined amount of cryptocurrency tokens and non-fungible tokens (NFTs), as well as $2.8 million from enforced refunds of investments, were also reportedly seized The post 3AC Liquidators Grab $35.6M From Singaporean Banks appeared first on Cryptoknowmics-Crypto News and Media Platform .