Three Arrows Capital's assets were worth about $1 billion as of July, well below its liabilities

According to The Block, according to documents sent to creditors by Teneo, the liquidator of Three Arrows Capital, Three Arrows Capital's assets were worth approximately US$1 billion as of July, including fiat currency ($37 million), cryptocurrencies ($238 million), NFT ($22 million) and venture capital and other investments ($502 million). Due to the volatility of the cryptocurrency market and the large number of illiquid investments held by the company, it is uncertain what level will be recovered during the liquidation process, Teneo said. That asset is well below its $3 billion in liabilities. In addition to the aforementioned assets, its assets also include sub-portfolio funds DeFiance Capital and Starry Night Capital, with a combined value of approximately $217 million. In addition, Teneo stated that it has control of APT and 134.2 million StarkNet tokens held by Three Arrows Capital, of which the total value of APT tokens is approximately 31.7 million US dollars, and the value of StarkNet tokens is unknown. In addition to the asset information, Teneo said that the two founders of Three Arrows Capital, who may be in Bali, Indonesia or the United Arab Emirates, have hired digital asset investigation experts to prepare a comprehensive report on all the company's on-chain activities in the previous months. report, and said the report could affect future claims.