Claim $500Breaking: Liquidators To Probe And Liquidate Three Arrows Capital In Singapore
Bankrupt crypto hedge fund Three Arrows Capital’s liquidators get approval from the Singapore High Court to probe and liquidate the hedge fund’s assets in Singapore. British Virgin Islands court-appointed liquidator Teneo earlier filed a petition in Singapore’s High Court to liquidate Three Arrows Capital’s assets in Singapore.
Singapore Court Approves Three Arrows Capital’s Liquidation
The Singapore High Court on Monday approved a petition by Teneo, a liquidator appointed by a British Virgin Islands court to liquidate Three Arrows Capital, to secure and liquidate the hedge funds’ assets in Singapore, reported Bloomberg on August 24.
Teneo is looking into the liquidation process of Three Arrows Capital and securing its global assets. The court approval gives Teneo to secure all financial records, including bank accounts, cryptocurrencies, NFTs, stakes in companies, and properties.
This prevents Three Arrows’ founders Su Zhu and Kyle Davies to sell their assets in Singapore. Earlier in July, Su Zhu reportedly tried to sell one of his homes in Singapore for $35 million. In fact, Three Arrows’ co-founder Su Zhu has two luxury homes in Singapore.
Until now, Teneo gained control of almost $40 million of Three Arrows Capital’s assets. A court filing by creditors reveals they owned over $2.8 billion in unsecured claims. The creditors include crypto-asset broker Voyager Digital LLC and crypto-focused venture capital firm Digital Currency Group.
A spokesperson for the Singapore High Court declined to comment on the Three Arrows Capital court case. He said:
“We are unable to comment on cases that are before the Courts.”
Crypto Market Fails to Recover
The Terra-LUNA crash contagion led many crypto firms including Celsius and Voyager Digital to file for bankruptcy. Also, forcing several crypto firms to stop withdrawals, puts crypto investors into FUD.
The crypto market crashed with top cryptocurrencies Bitcoin and Ethereum falling below $20,000 and $1000, respectively. The total crypto market cap falls from $2 trillion to below $1 trillion.
Moreover, Three Arrows Capital’s founders Su Zhu and Kyle Davies fail to cooperate with courts and liquidators.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Fed Injects $26 Billion: Will the Crypto Market Record a Year-End Rally?
- XRP Sell Pressure Intensifies amid Rising Inflows to Binance, South Korean Exchanges
- Crypto ETFs in 2026: What to Expect for Bitcoin, Ethereum, XRP, and Solana
- BlackRock Moves $200M BTC and ETH as Crypto ETPs See $3.2B Outflows Since October 10 Crash
- Breaking: Tom Lee’s Bitmine Buys $130M in ETH as Ethereum Whales Now Control 70% of Supply
- Binance Coin Price Risks Crash to $700 as Key BSC Metric Plunges 80%
- SUI Price Forecast: What’s Next for SUI in 2026 After $78.9M Token Unlocks?
- Solana Price Prediction: How High Could SOL Go in January 2026?
- Top 3 Predictions for Bitcoin price, Ethereum price and XRP price for 2026 According to Analysts
- Is $1 Dogecoin Price Technically Possible in 2026?
- Bitcoin Price Year-End Prediction: Analysts Highlight Key Levels Before 2025 Close
