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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInInside the Crash of Three Arrows Capital
The yacht has since become the subject of endless memes and jokes on Twitter, the functional center of the crypto universe. Pretty much everyone in that world, from the millions of small-scale crypto holders to industry employees and investors, has watched in shock and dismay as Three Arrows Capital, once perhaps the most highly regarded […]
Singapore’s Three Arrows Founders, En Route to Dubai, Describe ‘LTCM Moment’ – Bloomberg
After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion of their once high-flying hedge fund, saying their bungled crypto speculation unleashed cascading margin calls on loans that should never have been made. Su Zhu and Kyle Davies, both 35, first became friends in high school. They […]
Judge freezes assets of crypto hedge fund Three Arrows Capital – The Washington Post
A federal bankruptcy court has frozen the assets of Three Arrows Capital, the once-prominent crypto hedge fund that managed as much as $10 billion in assets until it fell into liquidation last month. In an emergency hearing Tuesday, Judge Martin Glenn of the Southern District of New York granted a motion allowing liquidators to “transfer, […]
Bankrupt Crypto Fund Three Arrows’ Founders Go Missing – Benzinga
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 […]