cryptonews: Retrieving the $3 billion owed to creditors following the collapse of Three Arrows Capital is much easier said than done, new court documents show.👀
Retrieving the $3 billion owed to creditors following the collapse of Three Arrows Capital is much easier said than done, new court documents show.
What's more, about 60 different types of cryptocurrencies have been identified and seized — but their exact value is unclear. It notes that an "extensive interview" was given to Bloomberg in July after 3AC went under — with Davies appearing on CNBC last month to discuss the hedge fund's bankruptcy proceedings, as well as the turmoil that has engulfed FTX.
"A communication protocol was agreed between the liquidators and founders but has not yet yielded satisfactory cooperation. Founders have refused to accept service through their Singapore counsel. Founders appear to be in Bali, Indonesia and/or the United Arab Emirates — jurisdictions known for difficulties in enforcing foreign court orders."Kyle Davies has shot back against the liquidators — accusing them of making "extravagant allegations" against him and Zhu Su.
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