3AC Creditors May Recoup Only 45% of Their Assets
The liquidators of the collapsed cryptocurrency hedge fund, Three Arrows Capital (3AC), have projected that creditors could recover about 45.74% of their funds, based on the current frozen assets. The bulk of this seized investment portfolio, amounting to 82%, is tied up in non-liquid tokens.
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The liquidators of the collapsed cryptocurrency hedge fund, Three Arrows Capital (3AC), have projected that creditors could recover about 45.74% of their funds, based on the current frozen assets. The bulk of this seized investment portfolio, amounting to 82%, is tied up in non-liquid tokens.
It is anticipated that the first round of payments to creditors will commence in the first quarter of 2024. Representatives from the liquidation agency Teneo have disclosed that successful negotiations and settlements of legal disputes with entities like DCG, Genesis, and BlockFi have facilitated an increase in the total recoverable assets by around $292 million.
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