Missing owners of cryptocurrency platform to be summoned to court

Bankruptcy judge Martin Glenn has authorized the liquidators to subpoena the founders of Three Arrows Capital (3AC) and charge them with bankruptcy charges in the bankruptcy of 3AC.

According to the judge’s order, the liquidators will subpoena Three Arrows Capital owners Zhu Su and Kyle Davis, whose whereabouts remain unknown. The liquidators were also authorized to subpoena representatives of banks and crypto exchanges that cooperated with the cryptocurrency hedge fund.

Earlier, the liquidators emphasized that due to the refusal of 3AC representatives to cooperate, all of the company’s assets could be transferred to other parties. In this case, neither creditors nor any other parties interested in receiving funds will receive anything.

As a reminder, yesterday the co-founder of Three Arrows Capital took to Twitter to report harassment by the liquidators. «Unfortunately, our good faith in cooperating with the liquidators is accompanied by harassment from them,» Zhu Su wrote in his post.

The problems with Three Arrows Capital’s finances began in early June, when the hedge fund suffered from the Terra collapse and the fall of the cryptocurrency market. Earlier this month, the hedge fund was looking for partners to enter into a financial assistance agreement (after it began selling off its assets).