- Founders Su Zhu and Kyle Davies have only provided “selective and piecemeal disclosures” regarding the fund’s assets and are threatening further legal pressure to get more disclosure.
- Davies and Su have surfaced periodically for interviews with Bloomberg and the Wall Street Journal, in an attempt to steer the narrative surrounding the implosion of their hedge fund, and claim that threats against their lives have been made, which is why they are staying in hiding.
You can’t hit what you can’t see and liquidators for Three Arrows Capital are struggling to communicate, let alone locate the founders of the insolvent cryptocurrency hedge fund.
According to lawyers for Three Arrows Capital’s liquidators, founders Su Zhu and Kyle Davies have only provided “selective and piecemeal disclosures” regarding the fund’s assets and are threatening further legal pressure to get more disclosure.
Both Davies and Su have been elusive since their multibillion-dollar cryptocurrency hedge fund collapsed under the weight of massive leverage and the implosion of Terra Luna, a protocol whose tokens Three Arrows Capital was heavily invested in.
Liquidators appointed by the bankruptcy court in the British Virgin Islands have so far gained control of over US$40 million of the fund’s assets, a far cry from the US$2.8 billion of claims filed against Three Arrows Capital, a figure that is expected to grow in the coming weeks.
Davies and Su have surfaced periodically for interviews with Bloomberg and the Wall Street Journal, in an attempt to steer the narrative surrounding the implosion of their hedge fund, and claim that threats against their lives have been made, which is why they are staying in hiding.
