The founders of collapsed cryptocurrency hedge fund Three Arrows Capital (3AC) have been hit with a worldwide freeze on $1.14bn of assets ordered by a court in the British Virgin Islands, according to a report by Barrons.
The report cites 3AC’s Singapore-based liquidators Teneo as confirming the freeze against co-founders Su Zhu and Kyle Davies and Davies’ wife Kelly Chen.
In a statement Teneo said that the order “prevents the three named individuals dealing with their assets (including transferring or selling them) up to a value of $1.144 billion”.
The inclusion of Davies’ wife in the order “marks a further expansion of efforts by the liquidators” to recover the assets, it said.
Zhu was arrested in late September while trying to get a flight out of Singapore and is currently serving a four-month prison term, while the wherabouts of fellow Singapore citizens Davies and his wife are not currently known
