From CNBC:
A federal judge in a New York bankruptcy court has frozen the remaining assets of crypto hedge fund Three Arrows Capital following the firm’s rapid fall from prominence.
Three Arrows Capital Assets frozen
7/13/2022
The fund, founded nearly a decade ago, managed $10 billion in assets just a few months ago. It's two cofounders are reportedly hiding out, however they have responded on Twitter that they were attempted to be baited by liquidators.
Prior to the bankruptcy filing, a court in the British Virgin Islands ordered the fund to liquidate in order to pay back its debts.
+With Unusual Whales
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.