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Three Arrows Liquidators Seize $35M, Seek $30M More for ‘Much Wow’ Superyacht

Liquidators for collapsed crypto hedge fund Three Arrows Capital (3AC) today said they seized $35.6 million in cash held by the failed firm in Singaporean banks.

They also managed to recover a couple million more from token sales, and want clearance from a court to get $30 million from the sale of the firm's "Much Wow" superyacht.

In a Friday filing in U.S. Bankruptcy Court in the Southern District of New York, court-appointed liquidator Teneo said they recovered $2.8 million from forced redemptions of investments—as well as an unspecified amount of 60 different crypto tokens and NFTs. 

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