Three Arrows Capital (3AC), once of the most successful crypto hedge funds in the industry, faces more trouble with the liquidators on their backs. Last week, the court-appointed liquidators Crumpler & Farmer announced that they managed to retrieve $35.6 million in cash assets in several Singaporean banks.
Further on, the liquidation company Teneo disclosed that the next step is to liquidate the famous “MUCHWOW” superyacht, which co-founders Kyle Davies and Su Zhu named after the Dogecoin (DOGE) memecoin. As if that wasn’t enough, today marks exactly a week since the Singapore High Court gave the troubled crypto entrepreneurs an ultimatum.
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Wow