Soon-to-be-released Su Zhu faces lawyers in Singapore court
In a two-day private hearing, Su Zhu took questions from lawyers representing Teneo, the firm tasked with liquidating 3AC.
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In a two-day private hearing, Su Zhu took questions from lawyers representing Teneo, the firm tasked with liquidating 3AC.
Read more (2 min) →Kyle Davies renounced his citizenship back in 2020 before the collapse of 3AC. However, this is unlikely to save him from US prosecutors.
Three Arrows Capital founders Su Zhu and Kyle Davies, are relaunching the collapsed fund as '3AC Ventures,' this time without leverage.
Documents filed by 3AC demand that Kyle Davies be found in contempt of court for not turning over details of the hedge fund's assets.
The court order order stipulates that Davies and Zhu must hand over all documentation relevant to 3AC's bankruptcy by April 14.
Kyle Davies was sent a subpoena via Twitter in January but instead of replying has spent his time promoting a new crypto exchange called GTX.
The subpoenas will demand that named staff give up anything from company documents and papers to financial records and account details.
The yacht, once known as 'MUCH WOW,' was originally ordered by 3AC founders Su Zhu and Kyle Davies but they couldn't afford the payments.
The SEC and CFTC are also investigating if 3AC lied about the security of investors' balance sheets and its registration with regulators.
Three days ago Starry Night Capital began to transfer millions of dollars of NFTs, including Pepes, CryptoKitties, and Beeples.