Three Arrows Capital

Zhu said that his embattled firm had been baited by unknown liquidators. Authorities are still clueless about the whereabouts of 3AC's founders. Three Arrows ...

It was also revealed that 3AC’s liquidators agreed to exercise a StarkWare token, which liquidators did not honor without warning. The email also disclosed threats that the families of 3AC’s employees received over the company’s collapse. Sharing screenshots of two emails from Advocatus Law, 3AC’s legal team, the co-founder said that his embattled firm had been baited by unknown liquidators.

Zhu Su, the co-founder of bankrupt crypto hedge fund Three Arrows Capital, broke an almost month-long silence with a tweet accusing court-appointed ...

Legal counsel of the embattled crypto fund 3AC said the firm's founders and their families received “threats of physical violence.”

The firm's legal counsel added, "depending on your response, we will let you know when our clients can reasonably be expected to speak with you." The filing also alleged that the whereabouts of both Zhu Su and Davies were unknown and that there was a “heightened risk” Su and Davies could attempt to transfer the firm’s assets to outside accounts. In a July 8 filing with the U.S. Bankruptcy Court in New York’s Southern District, Russell Crumpler and Christopher Farmer reported that the 3AC founders “have not yet begun to cooperate with the [proceeding] in any meaningful manner.”

San Francisco: The founders of bankrupt cryptocurrency hedge fund Three Arrows Capital (3AC) have vanished and the officials charged with liquidating the.

According to a court document, Zhu and Davies’ whereabouts are currently unknown. Now, both Zhu Su and Kyle Davies are missing, reports The Verge. The mega fund, founded by Credit Suisse traders Zhu Su and Kyle Davies, once managed an estimated $10 billion in assets.

3AC fell into liquidation last month as the sharp crash in crypto markets sent cryptocurrency prices tumbling and hit the hedge fund hard.

The two have also not been cooperating with the liquidation process “in any meaningful manner,” the documents claimed. The fund’s office in Singapore appeared “vacant” when liquidators went there to meet with Su and Davies last month. “That risk is heightened because a substantial portion of the Debtor’s assets are comprised of cash and digital assets, such as cryptocurrencies and non-fungible tokens, that are readily transferrable,” he said.

A co-founder of a collapsed crypto hedge fund reportedly once worth $10 billion has hit back at accusations by liquidators that he is refusing to cooperate ...

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The lawyers representing Three Arrows Capital (3AC) founders have called the court filing disappointing and have accused the creditors of baiting their ...

- Thefilingwith the US Bankruptcy Court for the Southern District of New York also mentioned finding an abandoned office and a pile of old mail. - The response comes a day after the lawyers seeking emergency provisional relief told the court that the founders of the troubled hedge fund were not cooperating. - The law firm asked the creditors if they mentioned in the court filings the threats of physical violence that the 3AC founders and their families were facing.

Three Arrows Capital liquidators won permission to subpoena founders Kyle Davies and Zhu Su -- whose whereabouts remain unknown -- along with banks and ...

Su Zhu and Kyle Davies, the Philips Academy Andover and Columbia University-educated founders of crypto hedge fund Three Arrows Capital, have gone missing ...

What happens next is that, presumably, Zhu and Davies would give up the full list of the fund’s assets and cooperate with the liquidators, who have now essentially taken the fund over in order to sell everything off. The fact that they’ve up and disappeared amid a worldwide market collapse puts them in a small but notorious league of other magnates who have gone on the lam, including former Nissan CEO Carlos Ghosn, who snuck out of Japan in a box following a corruption investigation, or Jho Low, the Malaysian financier behind The Wolf of Wall Street who allegedly embezzled billions out of 1MDB, his country’s investment fund. Three Arrows was about as much of a known quantity as you could get, having been around for about ten years. Three Arrows has since been ordered by a British Virgin Islands court to liquidate its holdings in order to pay back its creditors — an order that has so far gone unheeded. He added in a footnote that Zhu is apparently trying to off-load Singapore property that’s valued in the tens of millions of dollars. In what’s probably a sign of things going terribly wrong, two former billionaire crypto hedge-fund managers have disappeared, spurring a worldwide manhunt to find them as the broader industry freezes up.

Su Zhu, the aloof founder of bankrupt venture fund Three Arrows Capital, has broken his month-long silence with a combative message to 3AC's liquidators. Zhu's ...

Hope that they did exercise good faith wrt the StarkWare token warrants.— Zhu Su ???? (@zhusu) pic.twitter.com/CF73xI8r6n July 12, 2022 The latest filing from the New York Bankruptcy Court mentioned that “they (Zhu and Davies) are rumoured to have left Singapore,” although this cannot be confirmed. The whereabouts of Su Zhu and fellow 3AC founder Kyle Davies remains a mystery after they went into hiding following the British Virgin Island-based fund’s collapse.

Three Arrows Capital's appointed liquidators were in bankruptcy court in New York today.

Jul 1, 2022 Jul 2, 2022 NLW also gives the latest on Celsius, including why it’s covering its DeFi loans first.

Where in the world are Su Zhu and Kyle Davies? The founders of the cryptocurrency hedge fund Three Arrows Capital (3AC) are nowhere to be found, ...

He goes on to explain that the founders and their families have “received threats of physical violence” and have also been “working under a lot of time pressure” to answer questions from the Monetary Authority of Singapore. Crypto lending firms Babel Finance and Celcius have also been rocked by the turbulent market, with both companies freezing transactions amidst a “crypto winter.” Davies and Zhu’s apparent disappearance isn’t that unusual in the world of crypto. “The Foreign Representatives [Teneo], the Debtor [3AC], and its creditors as a whole would be irreparably harmed if any disposition of the Debtor’s assets were to occur during the provisional period.” According to a court document filed Friday, Zhu and Davies’ whereabouts are currently unknown, and its liquidators say they have not received “any meaningful cooperation” from the two. The filing notes Zhu may be trying to sell his $35 million mansion in Singapore, citing various rumors.

Su Zhu and Kyle Davies turned 3AC into the most important hedge fund in crypto, but they bet everything on prices only going up.

That kind of steely optimism isn’t hard to find in a crowd that turned the typo “HODL” into a full-blown mantra for never selling. “You don’t have to follow the despair.” “When there’s a lot of despair, you can start buying,” he said deadpan at a podcast recording for the FTX exchange.

A federal judge in a New York bankruptcy court has frozen the remaining assets of crypto hedge fund Three Arrows Capital.

In those messages, the attorney wrote that the families of the co-founders "have received threats of physical violence." Coindesk reported that Zhu is looking to sell his $35 million Singapore property, and there are reports of at least one other digital asset transfer of a non-fungible token held by the fund. The creditors also allege that liquidators in Singapore found that 3AC's offices were vacant, save for a few inactive computer screens. CNBC joined a court hearing, which covered next steps in the bankruptcy process. Now, its two co-founders are in hiding from angry creditors, who are trying to recoup some of their losses. The fund, founded nearly a decade ago, managed $10 billion in assets just a few months ago.