3AC bankruptcy process faces challenges amid unknown whereabouts of founders By Cointelegraph

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3AC bankruptcy process faces challenges amid unknown whereabouts of founders

Published Dec 02, 2022 02:30PM ET Updated Dec 03, 2022 04:00PM ET

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3AC bankruptcy process faces challenges amid unknown whereabouts of founders

Liquidators for Three Arrows Capital (3AC) will have to present further documents in order to be granted permission to subpoena the now-bankrupt crypto hedge fund’s founders through Twitter, according to a decision from Judge Martin Glenn during a virtual hearing for the Southern District of New York Bankruptcy Court on Dec. 2.

Lawyers representing the liquidators claimed that Zhu Su and Kyle Davies, co-founders of the hedge fund, have repeatedly failed to engage with liquidators over the recent months. “A communication protocol was agreed between the liquidators and founders but has not yielded satisfactory cooperation,” according to a hearing presentation.

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