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Did 3AC founders move money out of hedge fund before collapse?
Three Arrows Capital (3AC) cofounders Su Zhu and Kyle Davies denied allegations by 3AC liquidators that they moved money out of the crypto hedge fund before its collapse. See related article: 3AC founders moved money out of troubled hedge fund, allege liquidatorsWho are 3AC founders Su Zhu & Kyle Davies?
The 3AC founders filed a $30M claim against their own company while on the run. Three Arrows Capital (3AC) founders Su Zhu and Kyle Davies were identified and detained by local authorities in Dubai, UAE as they attempted to flee to Switzerland in a private jet. Further details are yet to be revealed, according to CryptoWhale.Is 3AC insolvent?
The now insolvent Three Arrows Capital has $3.5B of debt according to affidavits. The 3AC founders filed a $30M claim against their own company while on the run. 3AC founders Su Zhu and Kyle Davis have just been detained at an airport in Dubai, while trying to board a private jet to Switzerland.Can 3AC's founders be forced to participate in bankruptcy proceedings?
Picture taken June 12, 2018. REUTERS/Hazir Reka Reuters - Representatives for Three Arrows Capital (3AC) have asked a U.S. bankruptcy court in Manhattan to force the cryptocurrency hedge fund's founders to participate in the liquidation proceedings, saying they can't be located and have blown off requests for necessary information.