Tokenize Xchange

Worldcoin

Terra

Xchange

Teneo

<p>Creditors of the bankrupt crypto hedge fund Three Arrows Capital (<a href="https://www.cryptopolitan.com/court-freezes-1b-in-assets-of-3ac-founders/" rel="noopener noreferrer nofollow">3AC</a>) have less than a month left to submit claims to be considered for an upcoming dividend distribution. Teneo, the firm tasked with liquidating 3AC’s assets, has issued a notice urging creditors who haven’t submitted their claims to do so by March 14, 2024. Additionally, creditors who have already submitted claims but have not received confirmation should also contact Teneo.</p>
<p>The notice specifies that creditors must send a written letter containing their name, address, particulars of their debt or claim, and the names and addresses of their legal practitioners (if any) to the joint liquidators of the company, Russell Crumpler and Christopher Farmer of Teneo (BVI) Limited, based in the British Virgin Islands.</p>
<h2 class="wp-block-heading" id="interim-dividend-distribution-details-remain-undisclosed">Interim dividend distribution details remain undisclosed</h2>
<p>Teneo has refrained from disclosing the specific amount earmarked for interim dividends to creditors and has opted not to provide further details regarding the final distribution. According to the notice, the liquidators are slated to disburse the funds on or around March 31, 2024. However, in December 2023, the firm estimated that creditors would receive approximately 46% of their claims, bringing the total recovered assets to $1.16 billion. This projection falls below the total of $2.7 billion due for distribution, as indicated by 154 claims filed.</p>
<p>Data from the analytics platform Scopescan on February 23<a href="https://www.scopescan.ai/address/0xc7c914a5630940db34671892189f96251ec23741" rel="noopener noreferrer nofollow" target="_blank"> reveals </a>the presence of an Ethereum wallet address labeled ‘Teneo: 3AC Liquidation,’ containing $887.3 million worth of crypto assets. Among these assets are Worldcoin (WLD), Starknet (STRK), dYdX (DYDX), USD Coin, SuperRare (RARE), WOO (WOO), and Tokenize Xchange (TKX).</p>
<h2 class="wp-block-heading" id="3ac-resolution-of-disputes-with-blockfi">3AC resolution of disputes with BlockFi</h2>
<p>A United States judge recently approved a settlement resolving claims and disputes between 3AC and crypto lender <a href="https://www.cryptopolitan.com/ftx-and-3acs-bankruptcy-claims-contested-by-blockfi-in-ongoing-legal-drama/" rel="noopener noreferrer nofollow">BlockFi</a>. Three Arrows Capital filed for Chapter 15 bankruptcy on July 1, 2022, after being severely impacted by the collapse of the Terra ecosystem in May of the same year. Despite managing over $10 billion worth of assets, the hedge fund’s operations were hampered by the adverse effects of the Terra ecosystem collapse.</p>
<p>Co-founders Kyle Davies and Su Zhu have been evading liquidators since the bankruptcy filing, further complicating the recovery process in the case.</p>
<p>Creditors of Three Arrows Capital are urged to swiftly submit their claims before the looming March 14, 2024 deadline. With the liquidation process underway, stakeholders await further updates on the dividend distribution as Teneo continues its efforts to resolve the aftermath of the hedge fund’s collapse.</p>

Deadline looms for 3AC creditors

목차

Cryptopolitan_News

2024년 2월 23일에 게재된 다른 기사

Kraken Challenges SEC: Crypto Exchange Fights Allegations in Legal Battle

SHIB And DOGE Investors Look To Hit The Jackpot With New A.I Technology Token

Pepe Price Prediction: PEPE Pumps 8%, But This New Meme Coin Star Is Taking On BONK, WIF And MYRO...

Bitcoin Price Prediction: As Reddit IPO Filing Reveals BTC And ETH Investments, Experts Say This ...

FTX Cleared to Offload Over $1B Stake in AI Startup Anthropic

Goldman Sachs Economists Updated Their 2024 Interest Rate Cut Expectations: Pointed to This Month...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!