TechFlow news, according to The Block, Teneo, the liquidator of Three Arrows Capital (3AC), estimates creditors could recover approximately 45.74% of their assets from the bankrupt estate.
Russell Crumpler and Christopher Farmer, joint liquidation representatives at Teneo, stated in a report submitted to creditors in December that as of December 18, the company's assets were valued at $1.16 billion, while the recognized claims eligible for distribution are expected to amount to $2.7 billion.
The report indicated that Teneo has settled litigation with multiple parties, including DCG, Genesis, and BlockFi, adding approximately $292 million to the reported asset pool. The BlockFi settlement is still pending approval. A total of 154 claims have been filed against 3AC’s estate, amounting to $3.4 billion. Among these, $2 million in claims were acknowledged but not admitted for distribution, $32.2 million in claims have been rejected or are expected to be rejected, and $76 million in claims remain disputed.
