The liquidators of Three Arrows Capital anticipate that 45.74% of the claims made by creditors will be paid out through bankruptcy assets, and they intend to distribute the first amount in the first quarter of 2019. Russell Crumpler and Christopher Farmer, Teneo’s joint liquidators, reported that as of December 18, the company’s assets were estimated to be worth $1.16 billion, and claims totaling $2.7 billion were anticipated to be recognised for distribution.
Liquidators own 82% of non-liquid tokens, 6.9% of stock and investments, and 4.8% of cash, as per the asset breakdown. There are thirteen distinct non-liquid tokens, valued at $563 million at current values. They have a vesting timetable in place, and before the end of 2026, the majority of quarters will unlock assets worth about $50 million. Tokens valued at $200 million will be unlocked by the end of 2024. In addition to holding cash and earning $5.4 million in staking incentives, liquidators have already staked some tokens and paid $1 million in interest. To date, $34.5 million worth of liquid tokens have been sold in addition to $15 million worth of NFTs. With the sale of more assets, liquidators have made $66 million.
