The liquidator of Three Arrows Capital seeks to sell Su Zhu's yacht "Much Wow" for $30 million
ChainCatcher news, the liquidators of the crypto hedge fund Three Arrows Capital (3AC) stated that the $35.6 million in cash held by the fund in a Singapore bank has been seized, and they have also managed to recover millions of dollars from token sales along with an unspecified amount of 60 different cryptocurrencies and NFTs. They hope the court will approve the sale of Su Zhu's yacht "Much Wow" for $30 million.
According to previous disclosures by Terra researcher FatMan, the yacht owned by Su Zhu is valued at $50 million, but Three Arrows has been unable to pay any costs beyond the down payment.
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