Founders of bankrupt crypto hedge fund Three Arrows Capital have over $1 billion in assets frozen by court

A court in the British Virgin Islands has frozen over $1 billion in assets belonging to the founders of Three Arrows Capital (3AC), a bankrupt crypto hedge fund. The court order, issued on Monday, applies to Su Zhu and Kyle Davies, as well as Davies' wife, Kelly Chen. The liquidators of the firm, Teneo Restructuring, have been seeking $1.3 billion and included Chen in the order to maximize returns to creditors.