Crypto hedge fund Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy protection earlier this month, and the beleaguered fund’s legal team has said its co-founders are untraceable.
What Happened: The whereabouts of 3AC cofounders Su Zhu and Kyle Davies are unknown, according to court documents filed with the U.S. Bankruptcy Court of the Southern District of New York.
“The Foreign representatives understand and believe that while the Debtor has had certain operations in Singapore, Mr. Davies and Mr. Zhu’s current location remains unknown. They are rumored to have left Singapore,” 3AC’s legal representatives said in the filing.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn