Liquidators will now be able to access Singapore-held financial records belonging to collapsed hedge fund Three Arrows Capital after the country’s high court granted a petition by advisory firm Teneo on Monday.

As reported by Bloomberg, Teneo was appointed to liquidate 3AC back in June but until now had been unable to access records in Singapore.

However, following the court’s decision, the liquidation has now been officially recognized in the country leaving Teneo free to examine the records to determine exactly what assets were held by the company, including properties, bank accounts, NFTs, and cryptocurrency.

Three Arrows operated from Singapore until May when it was decimated by the dramatic collapse of the Terra stablecoin and subsequent market crash.

To date, liquidators have managed to gain control of up to $40 million of the defunct firm’s assets, according to Bloomberg. However, this is a drop in the ocean compared to the nearly $3 billion creditors say they’re owed.

Voyager among the companies rooting for 3AC liquidators

Many other companies will be watching closely to see what liquidators can recover from the collapsed crypto fund.

Among these will be trading platform Voyager Digital, which lent 3AC somewhere in the region of $650 million in bitcoin and USDC.

Voyager has itself been forced to file for Chapter 11 bankruptcy and told users that it intends to restore access to USD deposits as soon as possible.

Read more: Voyager says customers will get their crypto when 3AC settles debts

However, for customers with crypto deposits still on the platform, things aren’t so straightforward. Last month, the company outlined a repayment plan, but in an official statement, the company said, “the exact numbers will depend on what happens in the restructuring process and the recovery of 3AC assets,” (our emphasis).

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