Bankrupt crypto hedge fund Three Arrows Capital’s (3AC) assets have been frozen by the New York bankruptcy court after a ruling from a federal judge on Tuesday.
What Happened: Judge Martin Glenn of the Southern District of New York granted an emergency motion to freeze 3AC’s assets, according to a report from CNBC.
Only assigned bankruptcy liquidators have the authority to transfer, encumber or otherwise dispose of any assets of the Debtor located within the territorial jurisdiction of the United States, the judge stated in her written …
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