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The Supreme Court of the Bahamas — where FTX Digital Marketsis headquartered — has approved two provisional liquidators to oversee the crypto exchange’s assets.According to a Nov. 14 announcement from the Bahamas' Securities Commission, the country’s supreme court approved the appointments of PricewaterhouseCoopers advisory partner Kevin Cambridge and partner Peter
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Liquidators for Three Arrows capital (3AC) have asked a U.S. court to grant them permission to subpoena the embattled crypto hedge fund's founders through “alternative means.”To this date, the whereabouts of Three Arrow Capital founders Su Zhu and Kyle Davies remains unknown, with some accusing the duo of being on the
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With Zhu and Davies’ location unknown and the liquidators and their attorneys unable to track them down, the liquidators are asking the court to be able to serve the two subpoenas via their email addresses, Twitter accounts and the email addresses of their attorneys. Source
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According to a document seen by Bloomberg, Zhu delivered the affidavit in person on Aug. 19. In it, Zhu states that Teneo “had not provided an entirely complete or accurate version of events” to the Singapore court, which granted Teneo’s request for access to 3AC records in Singapore on Aug.
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Zhu described the complex network of Three Arrows entities registered in different jurisdictions including Singapore, the British Virgin Islands and the U.S. state of Delaware. As a result of the diffuse structure, the Singapore-based entity – Three Arrows Capital Pte Ltd (TACPL) – may not be able to comply completely
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In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liquidators. The revenue collector added that it wants the tax bill settled before the MTI liquidation process is finalized. Liquidators Failing
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Media in Singapore are reporting that Three Arrows’ liquidators are working to get Singaporean courts to recognize the British Virgin Islands (BVI) liquidation order. Original Source
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According to a filing by consulting firm Teneo, which is anticipated to sell the remaining assets of the struggling cryptocurrency hedge fund, the founders of Three Arrows Capital are nowhere to be found. As a result of the dramatic selloff in digital currencies, Three Arrows filed for Chapter 15 bankruptcy
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A United States (U.S.) court has given liquidators permission to subpoena the founders of crypto investment firm Three Arrows Capital (3AC), including Su Zhu and Kyle Davies.According to a report by Law360 on July 12, U.S. Bankruptcy Judge Martin Glenn issued an order on Tuesday allowing the subpoenas after being
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Three Arrows Capital co-founder Su Zhu broke his Twitter silence Tuesday by posting screenshots of an email sent from his legal counsel to legal representatives of Three Arrows' liquidators, alleging that are "baiting" Zhu and co-founder Kyle Davies and ignoring their attempts to work with them in good faith. Source
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