THE liquidators of Three Arrows Capital have announced they intend to distribute an interim dividend on or around Mar 31, 2024.
In a Feb 12 notice published in The Business Times on Thursday (Feb 22), joint liquidator Russell Crumpler of Teneo said creditors who do not submit a claim by Mar 14 may not benefit from any distribution made.
Claims by Three Arrows’ creditors into the crypto hedge fund’s liquidation currently stand at over US$3 billion.
Three Arrows was put under liquidation on Jun 27, 2022, by a British Virgin Islands (BVI) court. The Singapore High Court recognised the liquidation proceedings as a foreign main proceeding upon the liquidators’ application in July 2022.
As at Dec 18, 2023, an estimated US$1.1 billion worth of assets belonging to Three Arrows’ founders – Zhu Su and Kyle Davies – and their relevant family members had been issued a worldwide freezing order by the court in the BVI.
