Three Arrows Capital Offices Empty and Whereabouts of Founders Is Unknown
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Three Arrows Capital Offices Empty and Whereabouts of Founders Is Unknown

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Created 4mo ago, last updated 4mo ago

A hearing is scheduled to take place later today, and liquidators are battling to ensure that 3AC's remaining assets aren't "dissipated."

Three Arrows Capital Offices Empty and Whereabouts of Founders Is Unknown

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New court papers claim that the embattled founders of the bankrupt crypto hedge fund Three Arrows Capital are yet to cooperate with liquidation proceedings.

A photograph taken by Bloomberg shows the firm's Singapore office empty and locked up, with unopened mail scattered on the floor.

Court papers also suggest that the whereabouts of Kyle Davies and Zhu Su are unknown, but their lawyers have insisted they plan to cooperate.

A hearing is scheduled to take place later today, and liquidators are battling to ensure that 3AC's remaining assets aren't "dissipated" — warning:

"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 transferable."

The demise of 3AC has had implications for a number of other crypto companies — not least Voyager Digital, who had lent the doomed hedge fund $650 million.

Voyager has now been forced to enter bankruptcy proceedings of its own — warning its ability to compensate customers depends on recovering the assets that 3AC owes them.

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