Liquidators searching for 3AC founders

Liquidators searching for 3AC founders

Per 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.

The court scheduled an emergency hearing on Tuesday to address concerns raised by the company's liquidators.

Singapore-based 3AC, which was reported to have $10 billion in cryptocurrency earlier in 2022, held $3 billion in assets as of April, according to the liquidators' court filing. The company filed for bankruptcy in the British Virgin Islands in late June after being hammered by a sharp sell-off in digital currencies."