Cryptocurrencies
Three Arrows Liquidators May Try to Force Founders to Cooperate
- Davies and Zhu provide piecemeal disclosures, liquidators say
- Whereabouts of the founders remain unknown to liquidators
Photographer: Suvashree Ghosh/Bloomberg
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Liquidators overseeing the wind-down of Three Arrows Capital may soon try to force founders Kyle Davies and Su Zhu to help clean up the mess left behind by the crypto hedge fund’s collapse.
Zhu and Davies have so far provided “rather selective and piecemeal disclosures” about the fund’s assets, attorney Adam Goldberg said on behalf of the liquidators in a bankruptcy hearing Thursday. Without further cooperation, lawyers will try to compel the founders to turn over more information with assistance from US Bankruptcy Judge Martin Glenn, he said.