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The liquidator of Three Arrows Capital may recover approximately $1.2 billion from DCG and BlockFi

Sep 19, 2024 10:18:04

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ChainCatcher news, according to CoinDesk, the liquidators of Three Arrows Capital (3AC), Teneo, may attempt to recover approximately $1.2 billion from DCG and BlockFi.

According to a confidential report from Teneo dated July 7, Three Arrows Capital has over $1 billion in "potential claims" against DCG and its lending subsidiary Genesis. The report also noted that BlockFi received over $220 million in "priority payments" from Three Arrows Capital. (Source link)

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