3AC, founded by former walls street traders Zhu Su and Kyle Davies protecting its assets from us creditors, filed for chapter 15 bankruptcy earlier in July while liquidation is taking place under the jurisdiction of the British Virgin Islands.
Zhu Su finally tweeted, “sadly, our good faith to cooperate with the liquidators was met with baiting,” and attached screenshots of two emails sent out by Christopher Anand Daniel Zhu Su’s legal counsel to 3AC’s liquidators.
In exchanged emails, Christopher Anand Daniel of Advocatus Law questioned the team of liquidators’ failure to utilize Starkware’s token purchase offer and stated that his clients’ families were threatened. In addition, legal aid blamed liquidators for goading the founders while ignoring their efforts to work with them.
Liquidators calculated Three Arrows Capital’s assets under management in march to be about $10b, and it reduced to $3b in April. two weeks ago, 3AC deferred its payable sum of the $670m loan provided by Voyager Digital, which has also filed for bankruptcy.