Three Arrows Capital liquidators take control of its $35.6m deposits in Singapore banks

According to a report submitted to the court by Teneo, the liquidator of Three Arrows Capital, it has taken control of Three Arrows Capital's deposit of US$35.6 million in the Bank of Singapore, and has also recovered US$2.8 million and an unspecified amount of tokens and NFT. Teneo stated that when it entered the Singapore office of Three Arrows Capital, most of the physical documents, servers and hard drives were gone, and its lawyers claimed that all the documents were shared. Cooperate with liquidation work. As for the previous $50 million yacht purchased by Kyle Davies and Su Zhu, Teneo said that the yacht was paid directly using company funds, and then the yacht was repossessed by shipbuilder Sanlorenzo. Sanlorenzo currently holds the proceeds of the sale of the yacht through Much Wow Ltd., against which Teneo has filed a $30 million claim.