Three Arrows Capital has had $35.6 million in assets controlled by its liquidator Teneo

2022-12-03 10:57:07
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ChainCatcher news, according to a document, the consulting firm Teneo, responsible for overseeing the liquidation of Three Arrows Capital, has taken control of some of its assets. The document shows that Teneo currently controls a total of $35.6 million in fiat currency, which is held by a Singapore bank and/or by the company's pre-appointed lawyers, and the $2.751 million in investment returns from forced redemptions has also been controlled by Teneo.

Teneo now controls the trading accounts of Three Arrows Capital, and as part of the process, Teneo also controls the Starkware tokens held by Three Arrows Capital, the quantity of which is unknown. The liquidators purchased the tokens according to the original transaction terms (Three Arrows Capital participated in Starkware's $75 million Series B and $50 million Series C funding rounds). (The Block)

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