{"id":160084,"date":"2022-07-10T13:03:55","date_gmt":"2022-07-10T13:03:55","guid":{"rendered":"https:\/\/precoinnews.com\/?p=160084"},"modified":"2022-07-10T13:03:55","modified_gmt":"2022-07-10T13:03:55","slug":"three-arrows-capital-bankruptcy-filing-claims-location-of-co-founders-is-currently-unknown","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/three-arrows-capital-bankruptcy-filing-claims-location-of-co-founders-is-currently-unknown\/","title":{"rendered":"Three Arrows Capital Bankruptcy Filing Claims Location of Co-founders is Currently Unknown"},"content":{"rendered":"<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/07\/Three-Arrows-Capital-Bankruptcy-filing-July-10th-770x513.jpg\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2022\/03\/B6BD294B-AE0A-4844-940F-8CB9AD66C2E9-50x50.jpeg\"><\/p>\n<p>Summary:<\/p>\n<ul>\n<li>Three Arrows Capital&rsquo;s bankruptcy filing states that the location of both Su Zhu and Kyle Davies is currently unknown, and the pair might have left Singapore.<\/li>\n<li>The document also states that Three Arrows Capital managed $3 billion in digital assets as of April 2022.<\/li>\n<li>The bankruptcy filing also requests a stay on active efforts by creditors to seize the hedge fund&rsquo;s assets.<\/li>\n<\/ul>\n<p>The whereabouts of the co-founders of embattled crypto hedge fund Three Arrows Capital are currently unknown. According to a bankruptcy filing made to the United States Bankruptcy Court of the Southern District of New York, co-founders Su Zhu and Kyle Davies cannot be located. It states:<\/p>\n<blockquote>\n<p>The Foreign representatives understand and believe that while the Debtor has had certain operations in Singapore, Mr. Davies and Mr. Zhu&rsquo;s current location remains unknown. They are rumored to have left Singapore.<\/p>\n<\/blockquote>\n<h2><span>Su Zhu Had Earlier Been Rumored to Be Selling His Singapore Mansion.&nbsp;<\/span><\/h2>\n<p>Three Arrows Capital co-founders&rsquo; locations not being known come amidst rumors that Su Zhu was reportedly looking to sell his $35 million Singapore mansion and have the proceeds sent to a bank in Dubai.<\/p>\n<h2>Three Arrows Capital Managed Over $3 Billion in Assets as of April 2022.<\/h2>\n<p>The bankruptcy filing also provides previously unavailable financial information about the operations of Three Arrows Capital. It states that the hedge fund &lsquo;had over $3 billion of assets under management as of April 2022.&rsquo;<\/p>\n<h2>Bankruptcy Filing Requests a Stay on Planned Seizure of Three Arrows Capital Assets.<\/h2>\n<p>In addition, the bankruptcy filing by representatives of Three Arrows Capital requests a stay on efforts by creditors to seize its assets following a liquidation order from the British Virgin Islands. It states:<\/p>\n<blockquote><p><span><span>On June 27, 2022, the&nbsp;<span>Debtor commenced a liquidation<\/span><\/span><\/span><span>&nbsp;proceeding before&nbsp;<span>the BVI&nbsp;<span>Court, and&nbsp;<span>that court&nbsp;has appointed&nbsp;the Foreign&nbsp;Representatives&nbsp;as joint <\/span><\/span><\/span><\/span><span>liquidators of the Debtor.&nbsp;<\/span><span>By filing the Petition to commence t<span>his chapter 15 case (the &ldquo;Chapter<\/span><\/span><span>15 Case&rdquo;), the Foreign Representatives seek to stay active efforts by individual creditors to seize <\/span><span>assets and to preserve the status quo and afford the Foreign Representatives an opportunity<\/span><span> stabilize the Debtor&rsquo;s estate, preserve the Debtor&rsquo;s assets, and conduct a complete investigation of <\/span><span>the Debtor, claims against its estate, and its assets, including causes of action.<\/span><span>2.<\/span><\/p><\/blockquote>\n<p>Source: <a href=\"https:\/\/en.ethereumworldnews.com\/three-arrows-capital-bankruptcy-filing-claims-location-of-co-founders-is-unknown\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: Three Arrows Capital&rsquo;s bankruptcy filing states<\/p>\n","protected":false},"author":3,"featured_media":160083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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