Three Arrows Capital Assets frozen

Three Arrows Capital Assets frozen

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.

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.