The Singapore-based crypto fund Three Arrows Capital (3AC) has been ordered to liquidate by a court in the British Virgin Islands, according to Sky News.
Sky News reported that Teneo Restructuring will assist in the proceedings.
Decrypt has contacted Teneo for more details on the liquidation.
A darling of last year’s bull market, 3AC, led by Kyle Davies and Su Zhu, has been the focus of attention amid the recent crypto market downturn.
This is a developing story. Check back for updates.
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Source: https://decrypt.co/104058/crypto-fund-three-arrows-capital-ordered-to-liquidate-report
