Three Arrows Capital estimated its assets to be worth around $1 billion in July, according to a document prepared by 3AC liquidator Teneo. By JamieCrawleyCD
The document was sent to creditors Thursday and said the assets included $37 million in fiat money, tokens worth about $238 million, worth around $22 million and venture and other investments valued at $502 million.
"Due to volatility in the crypto market generally, together with the substantial number of illiquid investments held by the company, it is presently uncertain what level of recoveries will be made during the course of the liquidation," Teneo wrote, according to the report. The $1 billion in assets is dwarfed by Three Arrows Capital's liabilities, which stood at over $3 billion.
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