PANews reported on December 3 that according to The Block, Teneo, the consulting firm responsible for overseeing the liquidation of Sanjian Capital, has taken control of some of its assets. According to a filing, Teneo currently controls a total of US$35.6 million in fiat assets held by banks in Singapore and/or by the company’s pre-appointed counsel. Investment proceeds of US$2.751 million from mandatory redemptions have also been transferred to Teneo. control. Teneo now controls Three Arrows Capital’s trading account and also controls an undisclosed amount of Starkware tokens held by Three Arrows Capital, which the liquidator purchased under the terms of the original transaction. Three Arrows Capital previously participated in Starkware’s US$75 million Series B and US$50 million Series C financing.
