Key Takeaways



Liquidators were granted full control of 3AC’s U.S. assets and right to subpoena. Physical whereabouts of 3AC Co-founders unknown. 



Three Arrow Capital’s liquidators acquire permission to subpoena Co-founders Kyle Davies and Zhu Su along with banks and digital asset exchanges tied to the firm. New York Bankruptcy Court on Tuesday granted liquidators given full control of U.S. assets and authorized them to issue subpoenas to founders and other parties with information about the firm.



3AC- which had exposure to TerrraUSD filed for Chapter 15 bankruptcy on July 1, the same day it was served a default notice from battered crypto lender Voyager. The latest court ruling follows lawyers representing the creditors stating the physical whereabouts of 3AC Co-founders Zhu Su and Kyle Davies are “currently unknown.” The firm’s liquidators stated they had stopped by 3AC’s Singapore office, but could not enter because the door was locked.



Zhu Su, one of the founders after nearly a month of inactivity has put out a tweet blaming liquidators for baiting them with respect to StarkWare tokens. In the tweet, he blamed liquidators for not using the Starkware tokens and claimed they baited the company to use information in court. The tweet comes amid the counsel, Adam Goldberg, alleging that the founder duo has not provided “meaningful cooperation” with the liquidators




Sadly, our good faith to cooperate with the Liquidators was met with baiting. Hope that they did exercise good faith wrt the StarkWare token warrants. pic.twitter.com/CF73xI8r6n — Zhu Su