Share this article
Three Arrows Capital Estimated Its Assets at Around $1B in July: Report
The assets are dwarfed by the hedge fund's liabilities, which stood at over $3 billion.
Updated May 9, 2023, 4:04 a.m. Published Dec 16, 2022, 12:25 p.m.
Bankrupt crypto hedge fund Three Arrows Capital (3AC) estimated its assets to be worth around $1 billion in July, The Block reported, citing a document prepared by 3AC liquidator Teneo.
The document was sent to creditors Thursday and said the assets included $37 million in fiat money, tokens worth about $238 million, non-fungible tokens (NFT) worth around $22 million and venture and other investments valued at $502 million.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
"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.
Teneo was appointed to handle the liquidation of 3AC by the High Court in the hedge fund's native Singapore, having been initially ordered in a British Virgin Islands court. Earlier this month Teneo seized $35.6 million from the firm's bank accounts to go with $2.8 million recovered from forced redemption of investments and an unspecified number of tokens and NFTs.
The collapse of 3AC following heavy losses amid declining cryptocurrency valuations was one of the focal points on the onset of the crypto winter in recent months. Since then a swathe of other prominent crypto firms have also filed for bankruptcy including crypto lenders Celsius Network and Voyager Digital and exchange FTX.
Teneo did not respond to CoinDesk's request for comment.
Read more: Embattled Crypto Firm FTX Wants to Sell Its Functioning Units, Including LedgerX
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Cascade Unveils 24/7 Neo-Brokerage Offering Perpetuals on Cryptos, U.S. Stocks
The platform will let retail traders use one margin account to trade round-the-clock perpetual markets.
What to know:
- Cascade has introduced a 24/7 brokerage-style app for perpetual markets spanning crypto, U.S. equities and private-asset exposure.
- The firm is pitching a single, unified margin account with direct-to-bank U.S. dollar capability for deposits and withdrawals.
- The company has raised $15 million from investors including Polychain Capital, Variant and Coinbase Ventures.
Top Stories
