U.S. Court Authorizes Three Arrows' Liquidators to Claim Three Arrows' U.S. Assets

The liquidator of crypto hedge fund Three Arrows Capital on Tuesday received permission from a U.S. court to issue subpoenas and lay claim to the bankrupt Singapore-based company's assets, noting that Three Arrows Capital's missing-in-action founders no longer control its accounts. U.S. Bankruptcy Judge Martin Glenn authorized the liquidators to demand Three Arrows Capital's assets in the United States and issue subpoenas to its founders and to some 24 banks and cryptocurrency trading platforms that may have information about its assets and transfers.