A federal judge in a New York bankruptcy court has frozen the remaining assets of crypto hedge fund Three Arrows Capital.
"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," Adam Goldberg, an attorney representing Teneo, said in Tuesday's hearing.
A main reason for the aggressive action is that the physical whereabouts of Zhu and Davies are"currently unknown," according to lawyers representing the creditors. The creditorsliquidators in Singapore found that 3AC's offices were vacant, save for a few inactive computer screens. In the email, Daniel, their attorney, said he attached a spreadsheet with details of the company's assets and said they would be providing additional information about the firm's assets"on a rolling basis."
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