[Forwarded from The Owner. News ?? ????]
Crypto Hedge Fund Founders Disappeared

Liquidators for crypto hedge fund Three Arrows Capital (3AC) obtained U.S. court permission on Tuesday to issue subpoenas and lay claim to the bankrupt #singapore-based company’s assets, noting that 3AC’s missing-in-action founders no longer control its accounts.

The whereabouts of company founders Zhu Su and Kyle Livingstone Davies remain unknown. Zhu tweeted for the first time in almost a month on Tuesday, saying the liquidators had rebuffed their good faith offer to cooperate.

U.S. Bankruptcy Judge Martin Glenn in #manhattan gave the liquidators authority to claim 3AC’s U.S.-based assets and issue subpoenas to its founders and about two dozen banks and #cryptocurrency exchanges that may have information about its assets and transfers.

As of April, 3AC was reported to have $10 billion in cryptocurrency earlier in 2022, held $3 billion in assets.

3AC’s insolvency has destabilized other crypto lenders like Voyager Digital, which filed for bankruptcy after 3AC failed to repay a loan of about $650 million in cryptocurrency, and #blockchain[.]com, which loaned $270 million to #3ac.
#usa

Join (https://t.me/theowner20) us on this channel.