Three months after receiving permission from Singaporean Banks (High Court) to start looking into the company's assets there, liquidators for <a href="https://www.cryptoknowmics.com/news/3ac-liquidators-seek-summons-amid-alleged-regulatory-scrutiny">Three Arrows Capital</a> have <a href="https://pacer-documents.s3.amazonaws.com/115/312810/126022478737.pdf" target="_blank" rel="nofollow noopener">confiscated</a> $35.6 million from the country's financial institutions belonging to the defunct cryptocurrency hedge fund.
<h2>Singaporean Banks Reports</h2>
Since Three Arrows collapsed in July, bringing a $3.5 billion debt in its wake, Teneo, the New York-based liquidation company authorized by a British Virgin Islands court, has taken the most money to date.

An undefined amount of cryptocurrency tokens and <a href="https://www.cryptoknowmics.com/news/3-types-of-nfts-you-should-be-familiar-with">non-fungible tokens (NFTs)</a>, as well as $2.8 million from enforced refunds of investments, were also reportedly seized by liquidators, according to a report presented at a court proceeding on Friday.
<h2>Protection of 3AC Residual Assets</h2>
It is a difficult job for liquidators to locate and protect Three Arrows' residual assets so that they can be delivered to investors. The hedge fund's owners, Kyle Davies, and Su Zhu, haven't helped, according to Teneo, which claimed that both men have been unhelpful since the summer.

Liquidators seemed to be even more irritated with Su and Davies' inability to work together now that they have begun tweeting and speaking to the media. According to the court briefing, liquidators have only occasionally spoken with Su, Davies, and their attorneys.

3AC Liquidators Grab $35.6M From Singaporean Banks

After receiving permission from Singaporean Banks, Three Arrows Capital seized $35.6M from the country's banks belonging to the defunct crypto hedge fund.

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3AC Liquidators Grab $35.6M From Singaporean Banks

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