Three Arrows Capital Founders Evade Liquidators Amid New Ventures

Three Arrows Capital Bankruptcy

In July 2022, Three Arrows Capital (3AC) declared bankruptcy following the collapse of Terra (LUNA). The hedge fund's founders, Kyle Davies and Su Zhu, have since been elusive, prompting liquidators Teneo to issue subpoenas through Twitter. The liquidators, Crumpler & Farmer, are determined to track down the duo to recover assets and gather necessary information.

Legal Pursuits and Social Media Activity

Bankruptcy Judge Martin Glenn recently granted a motion compelling Kyle Davies to respond to the subpoena by March 16, 2023. Despite these legal challenges, Davies and Zhu remain active on social media, with Davies involved in launching a new crypto exchange, GTX. This venture aims to capitalize on the downfall of FTX by offering tokenized debt tokens.

New Ventures Amid Legal Scrutiny

While Zhu isn't explicitly named in the recent legal motion, he frequently voices his opinions on social media, criticizing figures like Sam Bankman-Fried and Do Kwon. Zhu's active presence online contrasts with his elusive physical whereabouts, as he claims to reside in Dubai, UAE.

The Global Manhunt

The search for Davies and Zhu intensified after they abruptly left their Singapore office in 2022, just before authorities arrived for questioning. The pair briefly disappeared from social media, resurfacing amid the controversies surrounding FTX and Alameda Research.

Current Status of the Founders

As the liquidators continue their pursuit, the founders' locations remain uncertain. Davies was last reported in Indonesia, while Zhu's social media suggests he resides in Dubai. The situation underscores the challenges of navigating legal and business landscapes in the volatile crypto industry.